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Singapore to Test Tokenized Bonds Settled in CBDC

Singapore to Test Tokenized Bonds Settled in CBDC

Author:

Global Cryptocurrency

Published:

2025-11-14 07:29:02

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BTCCSquare news:

Singapore is advancing its position as a hub for financial innovation with a new pilot program for tokenized Treasury bonds. The Monetary Authority of Singapore (MAS) will issue tokenized MAS Bills, settling transactions in a central bank digital currency (CBDC). This initiative aims to test three asset types for settlement: CBDC, regulated stablecoins, and tokenized bank liabilities.

The MAS emphasizes open standards to prevent closed ecosystems, promoting interoperability and programmable finance. This MOVE could redefine state finance, aligning with Singapore's reputation as a crypto-friendly jurisdiction. The pilot, unveiled at the Singapore FinTech Festival 2025, targets primary dealers and underscores the city-state's commitment to blockchain integration.

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