Singapore Finalizes Stablecoin Rules, Advances Tokenized-finance Settlement Trials

Singapore has finalized its stablecoin regulatory framework and initiated broad settlement trials using tokenized bills, signaling a major step toward scaling institutional-grade digital-asset infrastructure.

Speaking at the Singapore FinTech Festival 2025, MAS Managing Director Chia Der Jiun emphasized that interoperable tokenization frameworks and high-quality stablecoins will anchor the next phase of global financial modernization.

The updated rules tighten standards around reserve quality, redemption timelines, transparency, and operational resilience. Meanwhile, new trials involving tokenized-bill settlement are testing cross-border transaction flows and real-time settlement performance.

Together, the framework and pilots aim to accelerate institutional adoption and strengthen Singapore’s position as a leading hub for regulated tokenized finance.

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