A digital asset is anything of value whose ownership is represented in a digital or computerised form.
This is done through a process called tokenisation – which involves using a software programme to convert ownership rights over an asset into a digital token. Many items can potentially be tokenized:
- financial assets like cash and bonds
- real assets like artwork and property
- intangible items like carbon credits and computing resources
Digital assets are typically deployed on distributed ledgers that record the ownership and transfer of ownership of these assets.
Through tokenisation, high value financial and real economy assets can be fractionalised and exchanged over the internet on a peer-to-peer basis. This could potentially enhance the efficiency, accessibility, and affordability of financial services, increase liquidity in financial markets, and enhance economic inclusion.
Potential of distributed ledger technology
Cross-Border Payments and Settlements
- Trade Finance
- Capital Markets
Support the tokenisation of financial and real economy assets
Anchor players with strong value propositions and risk management
Enable digital currency connectivity
Members of the public should note that:
- MAS and companies participating in MAS’ initiatives will not ask for your personal banking information, security login credentials or private keys to digital wallets.
- MAS advises the public to be alert and wary of unsolicited calls or messaging which offer deals that seem too good to be true; request personal information; give instructions to transfer funds to a third party account or offer investments into projects.
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