Custody & Infrastructure

Tokenisation

MAS Issues Updated Guide for Tokenised Capital Markets Products

By Nithya Subramanian | 17/11/2025

The guide sets out regulatory expectations for tokenised securities, stressing technology-neutral laws, disclosure of digital-asset risks, licensing needs, and obligations for intermediaries.

Custody & Infrastructure

Prescriptive Crypto Custody Rules May Create 'False Sense of Security'

By Manesh Samtani | 17/11/2025

Dea Markova, Director of Policy at Fireblocks, advocates for a technology-neutral 'defence in depth' approach over rigid hot and cold storage mandates.

Tokenisation

MAS to Launch SGD Testnet for Live Tokenised Settlement Trials

By Nithya Subramanian | 14/11/2025

MAS will launch a Singapore Dollar Testnet for tokenised settlements and expand cross-border projects under Project Guardian and BLOOM to advance interoperable digital finance.

CBDCs

MAS Completes First Live wCBDC Settlement on SGD Testnet

By Nithya Subramanian | 14/11/2025

The trial shows banks can settle interbank overnight lending using wholesale CBDC on the new SGD Testnet, paving the way for future issuance of tokenised MAS Bills.

Stablecoins

Japan Stablecoin Issuers Could Become Major JGB Buyers – Report

By Sanday Chongo Kabange | 14/11/2025

The head of a new yen stablecoin issuer says digital asset firms could fill the void left by the BOJ's tapering in the JPY 1,055 trillion bond market.

Cryptocurrency

Taiwan to Study Inclusion of Bitcoin in Strategic Reserves

By Sanday Chongo Kabange | 14/11/2025

The central bank to draft rules and pilot a treasury programme using seized assets, following calls to reduce reliance on the US dollar.

Tokenisation

DBS, Franklin Templeton Launch Singapore’s First Tokenised Retail Fund

By Nithya Subramanian | 13/11/2025

The tokenised money market Fund utilises blockchain to lower entry thresholds and broaden investor access to high-quality assets.

Cryptocurrency

Thailand SEC Finalises New Investor Protection Rules for ICOs

By Sanday Chongo Kabange | 12/11/2025

The new rules ease knowledge test requirements for retail investors but introduce mandatory suitability assessments to be updated every two years.

Stablecoins

Korean Banks Partnering With Tech Firms on Stablecoin Projects - Reports

By Sanday Chongo Kabange | 12/11/2025

Major financial groups are forming alliances with Naver, Samsung and Kakao as regulators prepare a legal framework for stablecoins.