Overview
- DBS, OCBC and UOB completed interbank overnight lending using the first live issuance of a Singapore dollar wholesale CBDC, MAS managing director Chia Der Jiun said at the Singapore FinTech Festival.
- MAS will trial issuing tokenised MAS bills to primary dealers with settlement in wholesale CBDC, with further details to be released in 2026.
- Features of a stablecoin regulatory regime have been finalised, and MAS will prepare draft legislation focused on sound reserve backing and reliable redemption.
- A regulatory guide on tokenised capital markets products will be published this week as MAS works with overseas counterparts to align standards and promote interoperability.
- MAS says asset-backed tokens have moved beyond experimentation but have not reached escape velocity, and its BLOOM initiative invites trials using tokenised bank liabilities and regulated stablecoins to build a deep pool of safe settlement assets.