Singapore Launches Tokenized Bill Trial with CBDC Settlements

TLDR Singapore to trial tokenized bills settled with CBDC, testing tokenization in real-world finance. Chia Der Jiun confirms asset-backed tokens have moved beyond experimentation but need adoption. DBS, OCBC, and UOB conducted trials using Singapore dollar CBDC for interbank lending. Singapore introduces stablecoin regulations focusing on reserve backing and reliable redemption. MAS’s BLOOM initiative supports [...]

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