Singapore Pushes for Commercialization of Tokenization
Summary
The Monetary Authority of Singapore (MAS) will implement new measures to promote tokenization in financial services. These measures include forming commercial networks to enhance liquidity of tokenized assets, developing market infrastructures, fostering industry frameworks, and enabling access to common settlement facilities. MAS has observed strong interest in asset tokenization, particularly in fixed income, FX, and asset management. Project Guardian, MAS's crypto industry group, released two frameworks for tokenized assets: the Guardian Fixed Income Framework for debt capital markets and the Guardian Funds Framework for tokenized funds. These frameworks aim to guide implementation and best practices in tokenized markets.
