Singapore advances asset tokenization with new MAS frameworks
The Monetary Authority of Singapore is pulling together the projects and participants needed for the next step in its asset tokenization trials.
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MAS
Singapore creating networks to commercialize digital asset tokenization platform after successful trials
The Monetary Authority of Singapore (MAS) has announced several initiatives designed to enhance tokenization within the financial sector, according to a Nov. 4 statement.
According to the regulator, the move aims to strengthen tokenized assets’ liquidity and support market infrastructure growth.
Paxos Partners With Singapore’s DBS To Launch New Stablecoin
Blockchain infrastructure company Paxos, in conjunction with Singaporean bank DBS, has introduced a new stablecoin known as Global Dollar (USDG). This development comes four months after Paxos secured approval to offer digital payment token services as a Major Payments Institution (MPI).
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Paxos launches USD-backed USDG stablecoin with DBS Bank
Paxos launches USDG, a Singapore-compliant stablecoin, partnering with DBS Bank for US dollar reserves in line with Singapore’s MAS framework.
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Gemini crypto exchange receives preliminary approval in Singapore
Gemini has received in-principle approval for a Major Payment Institution license in Singapore.
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