The Monetary Authority of Singapore has proposed a digital asset network framework

ChainCatcher news, the Monetary Authority of Singapore (MAS) has proposed a design framework for interoperable digital asset networks, developed in collaboration with the Bank for International Settlements (BIS) and other financial institutions.

Currently, 11 institutions have been enlisted to test asset tokenization across financial asset classes. Banking giants such as HSBC, Standard Chartered, DBS, and Citibank will conduct pilot studies in wealth management, fixed income, and foreign exchange. (Source link)