• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

MAS to Support Asset Tokenization in Financial Services

user avatar

by Giorgi Kostiuk

8 months ago


The Monetary Authority of Singapore (MAS) has announced a comprehensive plan to promote asset tokenization in financial services. This move aims to make traditional financial markets more transparent, efficient, and accessible by digitally representing assets like bonds and stocks.

What is Asset Tokenization?

Asset tokenization involves converting real-world assets into digital tokens that are recorded on a blockchain. Each token represents a portion of the asset and can be traded securely and transparently. This approach promises improved liquidity and faster transactions, particularly in financial services, where securities such as bonds and stocks can be digitized, making them more accessible and tradable on digital platforms.

Key Focus Areas of MAS’s Initiative

MAS has outlined several specific goals to advance asset tokenization, focusing on commercial networks, market infrastructure, industry frameworks, and settlement facilities.

Through Project Guardian, prominent financial institutions like Citi, HSBC, and Standard Chartered seek to commercialize their asset tokenization trials.None

Joint Projects and Infrastructure

In 2023, MAS launched the Global Layer One (GL1) initiative to build digital infrastructures that support seamless cross-border transactions. GL1 now encompasses global banks, including BNY Mellon, Citi, and J.P. Morgan. The platform aims to establish common guidelines and technical standards, ensuring interoperability for digital asset transactions across markets.

MAS’s initiatives in asset tokenization promise significant changes in the financial sector, offering increased transparency and accessibility. These steps could revolutionize the ways assets are managed and traded, fostering more innovative and sustainable financial practices.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

New Opportunities in the Meme Cryptocurrency Market: Troller Cat Gaining Popularity

chest

Exploring the rise of Troller Cat amid shifts in meme cryptocurrencies and the current status of Shiba Inu and Pepe.

user avatarGiorgi Kostiuk

Bit Digital Makes $67.3 Million Ethereum Purchase, Strengthening Its Holdings

chest

Bit Digital invests $67.3 million in Ethereum, raising total holdings to nearly 120,306 coins.

user avatarGiorgi Kostiuk

Block Inc. Joins S&P 500, Replacing Hess Corp.

chest

Block Inc. will replace Hess Corp. in the S&P 500, potentially impacting Bitcoin's acceptance by institutional investors.

user avatarGiorgi Kostiuk

XRP Sets New Record Following Legislative Changes

chest

XRP hit $3.66, surpassing previous records due to increased investor interest and the expected signing of the GENIUS Act.

user avatarGiorgi Kostiuk

MEI Pharma and Litecoin: New $100 Million Treasury Strategy

chest

MEI Pharma has announced a $100 million treasury strategy with Litecoin, led by Litecoin creator Charlie Lee. Market reaction was volatile.

user avatarGiorgi Kostiuk

Merkel Urges for a Cohesive EU Response to US Tariffs

chest

Merkel calls for EU unity in response to US tariffs that may disrupt trade chains.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.