The Monetary Authority of Singapore has announced a plan to support the commercialization of asset tokenization

ChainCatcher news, the Monetary Authority of Singapore (MAS) has announced a series of plans to promote the commercialization of asset tokenization in financial services, covering aspects such as market liquidity, infrastructure, industry framework, and settlement convenience.

It is reported that under the "Guardian Program," the Monetary Authority of Singapore has convened over 40 financial institutions, industry associations, and international policymakers from seven jurisdictions to conduct industry trials on the use of asset tokenization in capital markets.

MAS Vice President Liang Xingqiang stated that MAS encourages financial institutions and policymakers to collaboratively develop industry standards to facilitate the commercialization of tokenized capital market products and the promotion of industry scope.