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Singapore’s Central Bank to Test Tokenized Bills With CBDC Settlement

Singapore’s Central Bank to Test Tokenized Bills With CBDC Settlement

Author:

Global Cryptocurrency

Published:

2025-11-13 14:21:01

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BTCCSquare news:

The Monetary Authority of Singapore (MAS) is advancing its blockchain integration efforts with a pilot for tokenized government bills settled via central bank digital currency (CBDC). MAS Managing Director Chia Der Jiun emphasized that tokenization has moved beyond experimentation, citing real-world adoption by major banks like DBS, OCBC, and UOB for interbank lending using Singapore’s wholesale CBDC.

While tokenization promises instant settlement and reduced intermediation, Chia acknowledged persistent operational hurdles before mass adoption. The initiative reflects Singapore’s strategic push to position itself as a hub for institutional-grade digital asset infrastructure.

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