The MAS Plans To Boost Asset Tokenization In the Financial Service Sector!

The post The MAS Plans To Boost Asset Tokenization In the Financial Service Sector! appeared first on Coinpedia Fintech News

The Monetary Authority of Singapore (MAS) has recently stated that it has planned to deepen its roots in the support for asset tokenization. Reportedly, Singapore’s central bank plans to enhance its liquidity and adoption of tokenization in the financial service sector. Notably, the central bank said that it will focus on forming commercial networks by developing market infrastructures and enabling settlement facilities to push its asset tokenization initiative. Moreover, MAS has already clubbed over 40 financial institutions, associations, and international policymakers across nations under its Project Guardian.