The pilot was run as part of the Monetary Authority of Singapore's Project Guardian.
The Monetary Authority of Singapore (MAS) has announced several initiatives designed to enhance tokenization within the financial sector, according to a Nov. 4 statement. According to the regulator, the move aims to strengthen tokenized assets’ liquidity and support market infrastructure growth. To help drive the adoption of tokenized assets, MAS will establish commercial networks, develop […]
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The regulator has seen strong interest in tokenization among the fixed income, FX and asset management sectors.
Blockchain infrastructure company Paxos, in conjunction with Singaporean bank DBS, has introduced a new stablecoin known as Global Dollar (USDG). This development comes four months after Paxos secured approval to offer digital payment token services as a Major Payments Institution (MPI). Related Reading: 7 Days To Go: Paxos CEO Pushes Harris And Trump For Clearer […]
Paxos launches USDG, a Singapore-compliant stablecoin, partnering with DBS Bank for US dollar reserves in line with Singapore’s MAS framework.
The GFTN is established as the second phase of Singapore’s fintech growth initiative, which focuses heavily on payments, asset tokenization, AI and quantum computing.
Gemini has received in-principle approval for a Major Payment Institution license in Singapore.
The Major Payment Institution license would allow for the company to offer regulated Digital Payment Token services, such as custody.
The amendments will be implemented in several stages starting on April 4, and transitional arrangements will be provided for affected entities.