MAS has announced partnering with the private financial institutions to expand asset tokenization initiatives.
Developments under Project Guardian will catalyze the institutional adoption of digital assets.
The partnership is expected to free up liquidity, unlock investment opportunities, and increase the efficiency of financial markets.
The Monetary Authority of Singapore (MAS) has announced partnering with private financial institutions to expand asset tokenization initiatives and develop foundational capabilities to scale tokenized markets. The Singaporean regulator published the announcement on its official website, promising that developments under Project Guardian will catalyze the institutional adoption of digital assets.
According to MAS, some of the partnership aims include freeing up liquidity, unlocking investment opportunities, and increasing the efficiency of financial markets. The Singaporean regulatory authority also noted that Project Guardian’s industry group of 17 financial institutions (FIs) has initiated five additional industry pilots to test promising asset tokenization use cases.
The five pilots listed by MAS include Citi, T. Rowe…
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