Asian banks’ trials with ‘tokenised securities’ stuck

Regulatory move: People using DBS bank ATMs in Singapore. DBS has issued a US$11.14mil bond as a security token on its cryptocurrency exchange. ― AFP

HONG KONG: Asian financial regulators should do more to support large-scale trials of “tokenised securities”, an industry body has said, since banks and technology firms’ current experiments are stuck in different silos, hindering the pace of change.

Tokenised securities are products like shares and bonds whose proof of ownership is recorded on a distributed ledger, the technology that underpins other digital tokens such as bitcoin.