MAS advances wholesale CBDC settlement for tokenized Treasury bills
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AI-assisted source synthesis · not an independent investigation.
In 2025, MAS provided wholesale Singapore dollar central bank digital currency (CBDC) through the Singapore dollar Test Network; the first successful trial involved the settlement of interbank overnight lending among DBS, OCBC, and UOB. MAS is also advancing domestic and cross-border settlement through BLOOM using tokenized bank deposits and regulated stablecoins. On October 12, 2026, Fintech News Singapore reported that MAS plans to use wholesale Singapore dollar CBDC to settle tokenized MAS Bills, with the goal of placing tokenized assets and digital central bank money on a common infrastructure. The report did not specify the implementation timeline or detailed arrangements for the plan.
AI-written from reports · updated 7 days ago
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- Fintech News SingaporeMAS plans to use wholesale CBDC to settle tokenized MAS Bills
MAS plans to use a wholesale Singapore dollar CBDC to settle tokenized MAS Bills, placing tokenized assets and digital central bank money on a shared infrastructure. In 2025, MAS provided a wholesale Singapore dollar CBDC through the Singapore dollar Test Network, with the first successful trial involving interbank overnight lending settlement between DBS, OCBC and UOB. MAS is also advancing domestic and cross-border settlement through BLOOM, based on tokenized bank deposits and regulated stablecoins.
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