Digital Asset Tokenization Trial Begins in Singapore

Singapore has begun to implement a digital asset tokenization trial project that will help to explore all the possible use cases of Blockchain technology in the local finance system of Singapore. As well, the project aims to explore the possibility of making the city-state a major center for decentralized finance.

Several exchanges have stopped operations in Singapore as a result of the increase in regulatory pressure. While some are trying to comply, operation license approval has been very slow.

Bloomberg, however, reported that Singapore has kickstarted digital asset tokenization projects, which will help research …