MAS pushes ahead on tokenisation in financial services for commercialisation

Quick Summary:

MAS will connect products and services from participants of its tokenisation projects to multiple currencies and assets.

SINGAPORE - Singapore is pushing ahead in its plans for asset tokenisation in financial services so that commercialisation of the sector can take place.

Participants of the project have carried out more than 15 industry trials in six currencies across multiple financial products to improve real-time payments.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Settlement Tokenised Tokenisation Financial Global Singapore Assets Industry Group Leong Asset

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 13:25:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 741 words

Reading Time: 5 minutes read

Sentences: 35 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23389598

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 6 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 10 hours ago

Coverage Areas: Singapore

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Publisher ID: #25

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