The Monetary Authority of Singapore (MAS) is collaborating

977Iti

The Monetary Authority of Singapore (MAS) is collaborating with the financial industry to expand its asset tokenization initiative.

The Monetary Authority of Singapore (MAS) has announced its collaboration with the financial industry to expand the asset tokenization initiative and enhance foundational capabilities under the "Project Guardian." These expansions aim to drive the scalable development of the tokenized market. The collaboration involves 17 financial institutions as part of the Project Guardian industry consortium. They have initiated five industry pilot projects to test promising asset tokenization use cases, with the potential to provide integration across the entire capital market value chain, including listing, distribution, trading, settlement, and asset services. Contributors include Apollo, DBS Bank, HSBC, JPMorgan's digital asset platform Onyx, SBI Digital Asset Holdings, Schroders, Standard Chartered, Swift, UBS, United Overseas Bank, Ava Labs, Chainlink, and LayerZero.

Iravan774

This plan is indeed quite necessary.

Iti9

It seems that there is a continuous need to expand assets.

Kahn332

In this regard, it appears that South Korea, Hong Kong, and Singapore are at the forefront.