MAS Plans Next Phase of Wholesale CBDC Settlement With Tokenised Bills

MAS Plans Next Phase of Wholesale CBDC Settlement With Tokenised Bills

The Monetary Authority of Singapore (MAS) plans to use wholesale central bank digital currency (CBDC) to settle tokenised MAS Bills. MAS Managing Director Chia Der Jiun outlined the plans at the INSEAD Digital Finance & Agentic AI Summit on 9 October. The initiative aims to bring tokenised assets and digital central bank money onto common infrastructure [...]

MAS Chief Says Stablecoins May Not Be Fit for Large Wholesale Settlement

Chia Der Jiun's remarks, made a week before MAS's consultation on stablecoin legislation closes, put central bank money at the top of Singapore's settlement hierarchy and raise the prospect of reserve access for systemically important issuers.