The Monetary Authority of Singapore is trialing a new system for issuing government debt that promises to create faster, more efficient, and always-open financial markets.
The initiative will use tokenized MAS bills settled with a central bank digital currency (CBDC), potentially enabling round-the-clock settlement and reducing reliance on intermediaries.
This practical step, announced at the Singapore FinTech Festival, is part of the country’s broader ambition to establish itself as a global hub for tokenized finance, using secure digital assets like the wholesale CBDC as a foundation.
