#Blockchain News 🚀

The Monetary Authority of Singapore has announced the launch of a regulated form of tokenized currency aimed at reducing settlement risk and market fragmentation. The initial test network, SGD Testnet, will provide financial institutions with settlement tools, programmability, and interoperability. The first participants include DBS Bank, OCBC Bank, Standard Chartered Bank, and UOB, with the main use cases being payments and securities settlement. What do you think of this innovation? Feel free to share your thoughts in the comments!