According to @CoinMarketCap, Singapore’s central bank will pilot issuing tokenized MAS Bills to primary dealers with settlement in a central bank digital currency, and the managing director stated tokenization has moved out of the lab into the real world, source: CoinMarketCap tweet, Nov 13, 2025. MAS Bills are short-term Singapore-dollar securities issued by the Monetary Authority of Singapore for money market operations, positioning them as a core real-world asset for tokenization, source: Monetary Authority of Singapore website on MAS Bills. MAS has previously conducted tokenization pilots under Project Guardian with financial institutions to test on-chain asset issuance and settlement, providing foundational rails for this trial, source: Monetary Authority of Singapore Project Guardian publications. For traders, this CBDC-settled government bill pilot in a major Asian hub is a concrete catalyst to track for RWA tokenization narratives and regulated DeFi infrastructure during Asia trading hours, source: CoinMarketCap tweet; Monetary Authority of Singapore announcements.