Hong Kong - Singapore is quietly building a regulated token corridor
Source: CoinWorld
Time: 2025-09-16 02:24:17
Hong Kong and Singapore are building a regulated token corridor connecting Asia's top financial centers. Hong Kong's stablecoin license system came into effect in August 2025, and the first batch of licenses are expected to be issued in early 2026, while the Monetary Authority of Singapore (MAS) has operated the stablecoin framework since 2023. These two markets are promoting tokenized deposits, wholesale CBDCs and cross-border settlement through measures such as the "Ensemble Project" and the "Guardian Project", and achieving all-weather value flow under the premise of clear policies and compliance guarantees. This corridor sets an example of reference for global tokenized finance.