[Monetary Authority of Singapore and German Central Bank Sign Memorandum of Understanding on Cross-Border Settlement of Digital Assets] The Monetary Authority of Singapore disclosed that it has signed a Memorandum of Understanding with the German Central Bank to collaborate on cross-border settlement of digital assets. The collaboration includes developing settlement solutions to reduce the cost and processing time of cross-border transfers between Singapore and Germany, as well as promoting universal standards for cross-border payments, foreign exchange, and tokenized asset securities flows to enhance the interoperability of digital asset platforms.