New technologies such as cryptography, distributed ledger technology, and asset tokenisation are spurring digital asset innovation. These can potentially transform financial markets and services, and make financial transactions more seamless, low-cost, and efficient. MAS aims to enhance payments connectivity and build an innovative and responsible digital asset ecosystem by:

• Expand cross-border payment linkages with regional economies (e.g. real-time payment linkages, Project Nexus)
• Explore potential of distributed ledger technology in promising use cases (e.g. cross-border payments, trade finance, and capital markets)
• Support tokenisation of financial and real economy assets (e.g. Project Guardian)
• Enable digital currency connectivity (e.g. Project Orchid)