Singapore

The bank's Singapore entity plans to custody selected cryptoassets, stablecoins and tokenized real-world assets for institutional and accredited-investor corporate clients, conditional on applicable regulatory requirements. The release names no license, no regulator, no launch date and no assets, and leaves retail clients out.

The prohibition sits in the same consultation that would let a handful of foreign-issued tokens carry Singapore's regulatory label. Comments close on 16 October.

The Monetary Authority of Singapore will pilot the issuance of tokenised government bills settled through a Singapore dollar wholesale CBDC in 2026, partnering with DBS, OCBC, and UOB in what represents one of the most advanced real-world tests of blockchain-based sovereign debt infrastructure.