The Monetary Authority of Singapore has announced the advancement of its Financial Services Tokenization Initiative.

BlockBeats News, November 4th, The Monetary Authority of Singapore (MAS) announced today its plans to advance the tokenization of financial services. The key areas of focus include: forming a business network to enhance the liquidity of tokenized assets; establishing a market infrastructure ecosystem; developing an industry framework for the implementation of tokenized assets; enabling tokenized assets to utilize common settlement facilities. (Forex Crunch)