๐ Big news from Singapore! The Monetary Authority of Singapore (MAS) is taking major steps to advance tokenization in financial services! ๐
MAS has rolled out two new frameworks to guide the acceptance and implementation of tokenized assets by financial institutions. This move aims to deepen liquidity, develop market infrastructures, and foster industry standards for tokenized assets.
Leong Sing Chiong, deputy managing director of MAS, highlighted the strong interest in asset tokenization, especially in fixed income, FX, and asset management.
What do you think about this bold move by MAS? Share your thoughts below! ๐ #CryptoNews #Blockchain #Tokenization