Singapore, Japan, UK, Swiss Regulators Plan Asset Tokenization Pilots

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Singapore, Japan, UK, Swiss Regulators Plan Asset Tokenization Pilots
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Sandali Handagama is CoinDesk's deputy managing editor for policy and regulations, EMEA. She does not own any crypto.

Regulators in Singapore, Japan, the U.K. and Switzerland are planning asset tokenization tests for fixed income, foreign exchange and asset management products, according to a Monday

Tokenization, which digitizes real-world assets using the blockchain, is all the buzz among banking giants and institutions worldwide with major economies testing The project will also look to facilitate industry pilots for digital assets through regulatory sandboxes, according to MAS' announcement.

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