TechFlow, November 13 — According to the Monetary Authority of Singapore (MAS), MAS and Deutsche Bundesbank have signed a memorandum of cooperation on cross-border settlement of digital assets.
Under the memorandum, both parties will collaborate on technological and financial innovation, including: developing new settlement solutions to reduce the cost and processing time of cross-border transfers between Singapore and Germany; promoting common standards for cross-border payments, foreign exchange, and tokenized asset securities flows to enhance interoperability across different digital asset platforms.
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