đžđŹđ€đ©đȘ Singapore & Germany Join Forces for Cross-Border Digital Asset Settlement
The Monetary Authority of Singapore (MAS) and the German Federal Bank have officially signed an MoU to work together on cross-border digital asset settlement systems.
đč Goal: Create new settlement solutions that cut down transfer costs and processing time between both countries.
đč Focus Areas:
Payment flows
Foreign exchange
Securities settlement
Universal standards for tokenized assets