Chainlink, UBS Asset Management, Swift Complete Pilot to Extract Cash From Tokenized Funds
The pilot was run as part of the Monetary Authority of Singapore’s Project Guardian.
MAS
Singapore Pushes for Commercialization of Tokenization
The regulator has seen strong interest in tokenization among the fixed income, FX and asset management sectors.
OKX Singapore’s New CEO Says Custodian Arrangements Were ‘Most Important, Most Difficult’ Part of MPI License
Crypto custodianship has been in the spotlight since the collapse of FTX.
Hex Trust Receives In-Principle Approval from Singapore’s MAS For Major Payment Institution License
The Major Payment Institution license would allow for the company to offer regulated Digital Payment Token services, such as custody.
Crypto Market Maker GSR Receives Singapore Crypto License
The license is the first awarded by Singapore to a crypto market maker.
Crypto Custodian BitGo Wins In-Principle Approval as Major Payments Institution in Singapore
Crypto custodian BitGo has been granted in-principle approval to operate as a Major Payment Institution (MPI) in Singapore.
Singapore Central Bank Rules to Discourage Crypto Speculation, Ease Investment Qualifications
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.
‘Cryptocurrencies Have Failed the Test of Digital Money,’ MAS’ Managing Director Says
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.
Stablecoin Issuer Paxos Plans New U.S. Dollar-Backed Token for Singapore Operations
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
The test will explore bilateral digital asset trades, foreign currency payments, multicurrency clearing and settlement, fund management and automated portfolio rebalancing.