Singapore to Trial Tokenized MAS Bills and Regulate Stablecoins in 2026

• MAS will launch tokenized bills trials in 2026 with settlements using CBDC.
• Central bank finalizes stablecoin regulatory framework emphasizing reserve backing.
• 3 major Singapore banks successfully conduct interbank lending using CBDC.

Singapore’s central bank will hold trials to issue tokenized MAS bills next year and introduce laws to regulate stablecoins as it advances plans to build a scalable and secure tokenized financial ecosystem. The bank’s top official shared the announcement on Thursday.

“Tokenization 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, during a keynote address at the Singapore FinTech Festival.

Legislative framework targets stability

Chia stated MAS has been working on details of its stablecoin regulatory regime and …

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