November 19, 2025
By Our Correspondent
The Deutsche Bundesbank and the Monetary Authority of Singapore (MAS) have signed a memorandum of understanding aimed at advancing cross-border digital asset settlement, the two central banks said last Thursday.
The agreement seeks to enhance interoperability between digital asset platforms and develop next-generation settlement solutions to reduce the cost and processing time of transfers between Germany and Singapore. The partnership also includes work on common standards for cross-border payments, foreign exchange, and securities transactions involving tokenized assets.
The initiative builds on MAS’s Project Guardian, a public-private collaboration exploring how asset tokenization can improve market liquidity and efficiency.
Both central banks said the partnership will deepen financial and economic ties between the two countries.
“With this new partnership on digital asset settlement, we hope to improve financial connectivity in ways that benefit individuals, corporates, and market participants in both our economies,” said Leong Sing Chiong, MAS Deputy Managing Director for Markets and Development. “This also lays the groundwork for future digital financial infrastructure.”
Burkhard Balz, Executive Board member of the Deutsche Bundesbank, said the collaboration underscores a shared commitment to building modern financial rails. “Together, we aim to promote technological innovation and set new standards for efficiency and interoperability in international payments and securities transactions,” he said.
