Beyond the Lab: Singapore Readies Real-World Test of CBDC-Settled Tokenized Bills
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Declaring that asset-backed tokens are “clearly out of the lab,” the Monetary Authority of Singapore is preparing a crucial real-world test: issuing tokenized government bills settled with a central bank digital currency.
While details are forthcoming next year, MAS Managing Director Chia Der Jiun emphasized that the goal is to overcome the remaining structural hurdles to large-scale adoption.
The trial builds on recent progress, including successful interbank CBDC transactions, as Singapore methodically constructs the plumbing for a next-generation financial market.
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