The Monetary Authority of Singapore today announced plans to advance the tokenization of financial services, including the formation of commercial networks to deepen the liquidity of tokenized assets; the establishment of a market infrastructure ecosystem; the cultivation of an industry framework for the implementation of tokenized assets; and the use of common settlement facilities for tokenized assets.
Deutsche Telekom has announced that it will be expanding its Web3 services to the XDC network. The Deutsche Telekom subsidiary will operate an alternate master node on the XDC network as an infrastructure provider. The company already operates nodes on multiple blockchain networks, including Ethereum, Polygon, and Polkadot, and plans to start bitcoin mining. The XDC network focuses on tokenized real-world assets, trade finance, and decentralized physical infrastructure.