• 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

Market Optimism: Traders Expect Bitcoin to Rise to $120K

chest

Data shows that 46% of traders believe Bitcoin will rise to $120K by the end of July, reflecting confidence in the crypto market.

user avatarGiorgi Kostiuk

Jonathan Gould Appointed as OCC Head: New Horizons for Crypto Banking

chest

Senate has confirmed Jonathan Gould as OCC head, which may lead to changes in crypto banking regulations and market access.

user avatarGiorgi Kostiuk

Florida Probes Robinhood: Allegations of False Crypto Service Promotions

chest

Florida has launched an investigation into Robinhood over allegations of misleading advertising of its crypto services as the cheapest in the market.

user avatarGiorgi Kostiuk

Anonymous whale deposits 4,500 ETH to Binance with $4.32 million loss

chest

An anonymous whale deposited 4,500 ETH to Binance, resulting in a $4.32 million loss, according to analyst Ai Yi.

user avatarGiorgi Kostiuk

Bitcoin Breaks Records Again: The Influence of ETFs and Politicians

chest

Bitcoin reached a new record thanks to institutional investments and political decisions, boosting confidence in cryptocurrencies.

user avatarGiorgi Kostiuk

Circle and HiFi Bridge Partnership: New Opportunities for B2B Payments with USDC

chest

Circle teams up with HiFi Bridge to introduce B2B payment solutions using USDC to Brazil and Hong Kong.

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.