Singapore to trial tokenised bills, bring in stablecoin laws, central bank chief says

“Tokenisation 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 (MAS)

Nov 13, 2025 - 14:50
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Singapore to trial tokenised bills, bring in stablecoin laws, central bank chief says
“Tokenisation 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 (MAS)

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