Digital assets refer to the digital representation of value, including tokenised real-economy and financial assets such as central bank digital currencies (CBDCs), tokenised bank deposits and potentially well-regulated stablecoins.
In its effort to ensure that emerging digital asset networks are underpinned by international standards which promote safe and efficient financial market infrastructure, the Monetary Authority of Singapore (MAS) has published a report proposing a framework for designing open, interoperable networks for digital assets.
Titled Enabling Open and Interoperable Networks, the report was jointly developed with subject matter experts at the Bank for International Settlements’ (BIS) Committee on Payments and Market Infrastructure (CPMI), with contributions from participating financial institutions.
