Chainlink, UBS Asset Management, Swift Complete Pilot to Extract Cash From Tokenized Funds
[Nov 5 4:38 PM] The pilot was run as part of the Monetary Authority of Singapore's Project Guardian.
1 / 2 Relevant items tagged with #MAS
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Singapore advances asset tokenization with new MAS frameworks
[Nov 4 5:32 PM] The Monetary Authority of Singapore is pulling together the projects and participants needed for the next step in its asset tokenization trials.
Singapore Pushes for Commercialization of Tokenization
[Nov 4 5:47 AM] The regulator has seen strong interest in tokenization among the fixed income, FX and asset management sectors.
Paxos launches USD-backed USDG stablecoin with DBS Bank
[Nov 1 8:12 AM] Paxos launches USDG, a Singapore-compliant stablecoin, partnering with DBS Bank for US dollar reserves in line with Singapore’s MAS framework.
Singapore bolsters fintech hub with Global Finance Technology Network
[Oct 31 7:43 AM] The GFTN is established as the second phase of Singapore’s fintech growth initiative, which focuses heavily on payments, asset tokenization, AI and quantum computing.
Gemini crypto exchange receives preliminary approval in Singapore
[Oct 29 11:17 AM] Gemini has received in-principle approval for a Major Payment Institution license in Singapore.
Bitcoin Bounces Back Above Key Averages, Glassnode Sees New Investor Resilience
OKX Singapore's New CEO Says Custodian Arrangements Were ‘Most Important, Most Difficult’ Part of MPI License
[Sep 19 6:14 AM] Crypto custodianship has been in the spotlight since the collapse of FTX.
Singapore Investigating Seven People for Providing Worldcoin Services
[Sep 11 8:00 AM] Singapore is investigating seven "subjects" for offering services of buying or selling of Worldcoin accounts and tokens which is an offence, a written reply in parliament by the government revealed on Tuesday.
Singapore probes illegal Worldcoin accounts and token sales
[Sep 10 8:20 AM] Singapore is investigating unauthorized Worldcoin account sales as regulators raise concerns over data misuse and criminal activity.
OKX bags Singapore crypto license
[Sep 2 7:15 AM] OKX Singapore also announced that it onboarded Gracie Lin, who previously worked at MAS, as its CEO.
US crypto firm BitGo wins payment license in Singapore
[Aug 8 12:39 PM] Before receiving the license, BitGo served users in Singapore and APAC, but the offering included only custody services from the US South Dakota Trust and hot wallets.
Hex Trust Receives In-Principle Approval from Singapore's MAS For Major Payment Institution License
[Jul 23 7:00 PM] The Major Payment Institution license would allow for the company to offer regulated Digital Payment Token services, such as custody.
Singapore commits $74.3M for quantum and AI in finance
[Jul 22 3:31 AM] MAS injects funds to enhance quantum computing and AI in Singapore’s finance sector, supporting local institutions with substantial co-funding.
Paxos gains approval for Singapore stablecoin launch with DBS partnership
[Jul 2 7:17 AM] Paxos will partner with Southeast Asia’s largest bank, DBS, for the stablecoin launch.
S&P Global joins Singapore's Project Guardian tokenization trials
[Jun 27 3:49 PM] The rating agency will provide its perspective on risk mitigation in tokenized fixed income transactions.
Singapore flags digital payment tokens as high-risk in AML landscape
[Jun 20 5:13 AM] Singapore said digital payment token service providers, also known as virtual asset service providers, stand out as a high-risk category within the financial sector.
Singapore Imposes New Rules for Digital Payment Token Services
[Apr 2 5:21 PM] Singapore’s central bank, the Monetary Authority of Singapore (MAS), has announced amendments to the Payment Services Act to impose additional requirements on digital payment token service providers and broaden the scope of regulated…
Singapore Enacts Licencing Requirements for Crypto Custody Services and Others
[Apr 2 12:25 AM] Singapore has expanded the scope of what cryptocurrency-related activities it regulates to include custodial services, the Monetary Authority of Singapore (MAS) announced on Tuesday.
Crypto Custodian BitGo Wins In-Principle Approval as Major Payments Institution in Singapore
[Jan 9 7:00 PM] Crypto custodian BitGo has been granted in-principle approval to operate as a Major Payment Institution (MPI) in Singapore.
Hashkey Capital Singapore Secures Full Capital Markets Services License From Singapore
[Dec 20, 2023 5:00 AM] Reflecting Singapore’s progressive stance on digital assets, the Monetary Authority of Singapore (MAS) has awarded Hashkey Capital Singapore a full Capital Markets Services license, enabling the firm to enhance its fund management services…
HashKey Capital Singapore Secures Capital Markets Services License From MAS
[Dec 19, 2023 8:59 AM] The firm follows crypto exchange DigiFT, which received a CMS license last month.
Singapore Central Bank Rules to Discourage Crypto Speculation, Ease Investment Qualifications
[Nov 23, 2023 9:07 AM] The Monetary Authority of Singapore (MAS) has released the final tranche of its responses to feedback on a consultation paper of proposed regulations for crypto service providers.
Singapore Unveils Plan to Ensure Seamless Financial Transactions Across Digital Asset Networks
Singapore Announces Global Tokenization Initiative in Partnership With BNY Mellon, DBS, JPMorgan, and MUFG
[Nov 17, 2023 1:00 AM] The Monetary Authority of Singapore (MAS) has announced a global tokenization initiative that seeks to allow tokenized assets to be exchanged by different financial institutions across borders. The initiative, touted by MAS officials as the…
'Cryptocurrencies Have Failed the Test of Digital Money,' MAS' Managing Director Says
[Nov 15, 2023 11:38 PM] Ravi Menon, the Managing Director of the Monetary Authority of Singapore, said crypto has performed poorly as a medium of exchange or store of value.
Paxos to issue USD stablecoin in Singapore, wins initial approval
[Nov 15, 2023 8:53 PM] The USD-backed token will comply with Singapore’s upcoming stablecoin laws and be issued through a new local Paxos entity that’s received initial approval.
Stablecoin Issuer Paxos Plans New U.S. Dollar-Backed Token for Singapore Operations
[Nov 15, 2023 8:00 PM] Paxos, a cryptocurrency brokerage firm, has received a preliminary license from regulators to offer digital payment token services in Singapore, the company said Wednesday in a statement.
Monetary Authority of Singapore Starts Tokenization Pilots Alongside Financial Services Heavyweights
[Nov 15, 2023 3:54 AM] The test will explore bilateral digital asset trades, foreign currency payments, multicurrency clearing and settlement, fund management and automated portfolio rebalancing.
Singapore, Japan, U.K., Swiss Regulators Plan Asset Tokenization Pilots
[Oct 30, 2023 4:43 AM] Project Guardian seeks to advance digital asset tokenization pilots in fixed income, foreign exchange and asset management products.