APAC · Jurisdiction
Singapore
- verified items
- 2
- tracked initiatives
- 3
- banks with licence / notification
- 0
- upcoming dated deadlines
- 0
What banks are doing (observed)
Observed in verified tracker records — what banks in this market have verifiably been authorised for or launched. Not legal advice; open each source for scope.
Tokenized deposits
Citi, HSBC
Key rules & official statements
Verbatim from regulator, central bank and standard-setter sources (Tier 1). Quotes are string-matched against the live page before every deploy.
Regimes tracked: MAS stablecoin framework
- T1RegulatorAPACBank Negara Malaysia and Bank of Thailand join MAS-led BLOOM initiative on cross-border settlement in digital money
“As financial institutions and jurisdictions develop different digital money use cases, including for tokenised deposits and regulated stablecoins, greater coordination will be important to support its effective use across borders.”
Monetary Authority of Singapore (opens source in new tab) · Initiative expansion
- T1RegulatorAPACMAS consults on legislative amendments to implement its stablecoin regulatory framework
“The amendments will set out how stablecoin issuers may qualify to be MAS-regulated, and the safeguards they must meet to support value stability and user protection.”
Monetary Authority of Singapore (opens source in new tab) · Consultation
Deadlines & key dates
Dates are quoted from the official text; undated rules are shown as stated. All deadlines
16 Oct 2026 · passed
MAS consultation on Payment Services Act amendments for stablecoins closed
MAS stablecoin framework · Comment deadline · Monetary Authority of Singapore (opens source in new tab)
Licensed / notified banks
Banks whose initiative carries a regulator record (authorisation) or a MiCA Art. 60 notification in our tracker.
None in our verified data.
Tracked bank initiatives
Citi Token Services for Cash
UnknownLive — commercial, within explicit scopeLive — commercial, within explicit scope
HSBC Tokenised Deposit Service (TDS)
UnknownLive — commercial, within explicit scopeLive — commercial, within explicit scope
DBS Token Services (Treasury Tokens, Conditional Payments, Programmable Rewards)
UnknownLive — restricted / specific counterpartiesPilot / proof of concept
Latest verified items
- T1RegulatorAPAC
Bank Negara Malaysia and Bank of Thailand join MAS-led BLOOM initiative on cross-border settlement in digital money
- T1RegulatorAPAC
MAS consults on legislative amendments to implement its stablecoin regulatory framework
Authorities: Monetary Authority of Singapore