Singapore Conducts First Live Wholesale CBDC Issuance for Interbank Settlement
Summary
DBS, OCBC, and UOB successfully conducted interbank overnight lending transactions using Singapore's first live wholesale CBDC issuance for settlement. MAS announced plans to expand trials by issuing tokenized MAS Bills to Primary Dealers settled with CBDC, and will publish guidance on tokenization of capital markets products.
Key Changes
- Live wholesale CBDC settlement operational
- Tokenized MAS Bills trials planned
- Guidance on capital markets tokenization forthcoming
- International standards harmonization with UK regulators
Affected Industries
Source
Key Dates
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