The post Singapore to Trial Tokenized MAS Bills and Regulate Stablecoins appeared on BitcoinEthereumNews.com. MAS will launch tokenized bills trials in 2026 with settlements using CBDC. Central bank finalizes stablecoin regulatory framework emphasizing reserve backing. 3 major Singapore banks successfully conduct interbank lending using CBDC. Singapore’s central bank will hold trials to issue tokenized MAS bills next year and introduce laws to regulate stablecoins as it advances plans to build a scalable and secure tokenized financial ecosystem. The bank’s top official shared the announcement on Thursday. “Tokenization has lifted off the ground. But have asset-backed tokens achieved escape velocity? Not yet,” said Chia Der Jiun, managing director of the Monetary Authority of Singapore, during a keynote address at the Singapore FinTech Festival. Legislative framework targets stability Chia stated MAS has been working on details of its stablecoin regulatory regime and will prepare draft legislation. The framework emphasizes “sound reserve backing and redemption reliability” as core requirements for issuers operating in the jurisdiction. MAS is also supporting trials under the BLOOM initiative, which explores using tokenized bank liabilities and regulated stablecoins for settlement purposes. The managing director announced that three Singapore banks, DBS, OCBC, and UOB, have successfully conducted interbank overnight lending transactions using the first live trial issuance of Singapore dollar wholesale CBDC. MAS will expand trials to include tokenized MAS bills settled with CBDC, according to the announcement. Chia expressed concerns about risks posed by poorly regulated stablecoins, noting that unregulated tokens have experienced repeated de-pegging incidents that undermine market confidence. He drew parallels to the 2008 money market fund crisis, highlighting how instability in one issuer can spread to others and erode trust in the broader ecosystem. International collaboration expands A regulatory guide on tokenized capital markets products will be published this week. MAS is also working with international counterparts to align standards and support adoption across jurisdictions. On Thursday, MAS announced… The post Singapore to Trial Tokenized MAS Bills and Regulate Stablecoins appeared on BitcoinEthereumNews.com. MAS will launch tokenized bills trials in 2026 with settlements using CBDC. Central bank finalizes stablecoin regulatory framework emphasizing reserve backing. 3 major Singapore banks successfully conduct interbank lending using CBDC. Singapore’s central bank will hold trials to issue tokenized MAS bills next year and introduce laws to regulate stablecoins as it advances plans to build a scalable and secure tokenized financial ecosystem. The bank’s top official shared the announcement on Thursday. “Tokenization has lifted off the ground. But have asset-backed tokens achieved escape velocity? Not yet,” said Chia Der Jiun, managing director of the Monetary Authority of Singapore, during a keynote address at the Singapore FinTech Festival. Legislative framework targets stability Chia stated MAS has been working on details of its stablecoin regulatory regime and will prepare draft legislation. The framework emphasizes “sound reserve backing and redemption reliability” as core requirements for issuers operating in the jurisdiction. MAS is also supporting trials under the BLOOM initiative, which explores using tokenized bank liabilities and regulated stablecoins for settlement purposes. The managing director announced that three Singapore banks, DBS, OCBC, and UOB, have successfully conducted interbank overnight lending transactions using the first live trial issuance of Singapore dollar wholesale CBDC. MAS will expand trials to include tokenized MAS bills settled with CBDC, according to the announcement. Chia expressed concerns about risks posed by poorly regulated stablecoins, noting that unregulated tokens have experienced repeated de-pegging incidents that undermine market confidence. He drew parallels to the 2008 money market fund crisis, highlighting how instability in one issuer can spread to others and erode trust in the broader ecosystem. International collaboration expands A regulatory guide on tokenized capital markets products will be published this week. MAS is also working with international counterparts to align standards and support adoption across jurisdictions. On Thursday, MAS announced…