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In Singapore, the future of tokenization: two new regulatory plans
By Davide Grammatica
The Monetary Authority of Singapore has promoted two new regulations to promote the adoption of tokenization by tradFi
Singapore goes all in on tokenization
In recent hours, the Monetary Authority of Singapore (MAS) has announced the introduction of two new regulatory measures to promote tokenization within the country’s traditional financial company businesses.
This is the result of a path we have already had the opportunity, several times, to report on, and which makes Singapore, to date, one of the most attractive crypto hubs globally. The favorable approach toward crypto companies comes from the top, with a unity of purpose between government and regulators betting on the industry’s prospects. This is precisely why the famous Project Guardian was born months ago.
Thus, Singapore plans to introduce a veritable ecosystem of market infrastructure to support tokenized assets, to increase their liquidity, deployment and access under a common regulatory structure.
Regulation to support the crypto world
“MAS has seen strong interest in asset tokenization in recent years, particularly in the areas of bonds, Forex and asset management,” Deputy Managing Director Leong Sing Chiong said in MAS’s official statement. “We are encouraged by the strong participation of financial institutions and policy makers to jointly create risk management standards and regulatory frameworks to facilitate commercial implementation of relevant products to expand tokenized markets on an industry-wide basis.”
As a result, two regulations related to tokenization in debt capital markets (the “Guardian Fixed Income Framework”) and tokenized funds (the “Guardian Funds Framework”) are emerging from this path already in place.
