Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Cdari works together with Laika Ai to strengthen blockchain -intelligence about chains

2025-05-19

Sec -retreats decision on Bitwise, 21Shares Solana ETF applications, Opens Public Consultation

2025-05-19

Coinbase confirms Doj research after a major security incident

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Cdari works together with Laika Ai to strengthen blockchain -intelligence about chains

    2025-05-19

    Vitaminai and Blocx partner to stimulate security and productivity by bridging Web2 and Web3

    2025-05-19

    Sentismai integrates Kyberswap for seamless EVM -Kettingwaps

    2025-05-19

    Alchemie acquires Solana developer Dexterlab for unknown sum

    2025-05-19

    Interlink and Blazpay Partner to improve the user experience in Web3 with AI

    2025-05-19
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Sec -retreats decision on Bitwise, 21Shares Solana ETF applications, Opens Public Consultation

    2025-05-19

    Authorities claim that scammers have stolen $ 265,000,000 in crypto to buy exotic cars, private security and other luxury

    2025-05-19

    SEC chairman Atkins confirms the end of hard crypto enforcement, proposes a uniform framework

    2025-05-19

    Trump administration to beat bank rules designed to prevent collapse in 2008 style: report

    2025-05-19

    Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

    2025-05-18
  • Analysis

    BlackRock’s Buidl to Power Bouncebit’s new RWA Yield Strategy Platform

    2025-05-19

    XRP -Price confirms Bullish reversing settings with this demand zone

    2025-05-19

    Finish Bitcoin price inches in the direction of all time-can Momentum?

    2025-05-19

    Ethereum – price cannot break through – what does it stop?

    2025-05-19

    Dogecoin (Doge) is struggling to support profit while Meme Coin cools Mania

    2025-05-19
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Regulation»The Monetary Authority of Singapore launches new asset tokenization pilots with the expansion of Project Guardian
Singapore’s Monetary Authority launches new asset tokenization pilots with Project Guardian expansion
Regulation

The Monetary Authority of Singapore launches new asset tokenization pilots with the expansion of Project Guardian

2023-11-16No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

The Monetary Authority of Singapore (MAS) has escalated its efforts to expand its asset tokenization initiatives under Project Guardian. This move aims to catalyze the institutional adoption of digital assets, with the aim of unleashing liquidity, unlocking new investment opportunities and improving the efficiency of financial markets.

A major advance in this effort is the launch of five additional industry pilots under Project Guardian, involving 17 financial institutions. These pilots explore applications ranging from the efficient execution of bilateral digital asset transactions by Citi, T. Rowe Price Associates and Fidelity International to BNY Mellon and OCBC’s trial of a cross-border FX payments solution. Ant Group’s treasury management solution, aimed at improving global liquidity management, and Franklin Templeton’s exploration of a tokenized money market fund further illustrate the innovative spirit of these initiatives.

MAS collaborations and partnership pilots.

JP Morgan and Apollo’s partnership in using digital assets for investing and managing discretionary portfolios stands out as a significant step toward automated portfolio rebalancing and customization at scale. These developments highlight the potential for time savings and reduction of manual processes in asset management, and demonstrate the transformative impact of digital assets on financial operations.

Complementing these pilots, MAS’s launch of a new funds workflow focuses on self-issuing Variable Capital Company (VCC) funds on digital asset networks. This ambitious project, working in partnership with the Accounting and Corporate Regulatory Authority (ACRA), aims to address key tax, policy and legal considerations while broadening distribution channels for asset managers.

In infrastructure, MAS is working with international policymakers and financial institutions such as BNY Mellon, DBS, JP Morgan and MUFG on the Global Layer One (GL1) initiative. GL1 aims to establish an open digital infrastructure for hosting tokenized financial assets and applications. This infrastructure aims to enable seamless cross-border transactions and enable the trading of tokenized assets in global liquidity pools.

See also  Binance launches Copy Trading feature, allowing users to duplicate strategies of experienced traders

In addition to GL1, MAS is developing the Interlinked Network Model (INM), a framework for exchanging digital assets over independent networks. This model, detailed in the recently published whitepaper ‘Interlinking Networks’, is a crucial step in enabling financial institutions to transact without being on the same network.

The inclusion of the International Monetary Fund (IMF) in Project Guardian’s policy group further underlines the global reach and significance of these initiatives. The IMF’s role will provide an international perspective on policy and legal issues critical to cross-border platform cooperation and maintaining the stability of the international monetary system.

What is Project Guardian?

Inaugurated in May 2022, Project Guardian marked a pivotal point for MAS in its quest to leverage the value of asset tokenization. Within its first few months, the project saw its first live transactions in decentralized finance applications in the wholesale finance markets. The milestone demonstrated the tangible progress and potential of MAS’s vision in the evolving financial world.

An important aspect of Project Guardian is its focus on open, interoperable networks. The MAS published a detailed monograph entitled ‘Project Guardian: Open Interoperable Networks’, which outlines the vision, principles and architectural designs required for such networks in the digital asset domain. This publication takes a closer look at the benefits, challenges and critical regulatory and governance frameworks to support these networks.

As MAS Deputy Director Mr. Leong Sing Chiong asserted, the success of Project Guardian’s sector pilots in demonstrating the viability of tokenized financial assets has laid the foundation for realizing the full potential of tokenized markets. He said,

“Project Guardian’s sector pilots have successfully demonstrated that tokenized financial assets such as fixed income, currencies and asset management products can be traded, distributed and settled seamlessly across borders.”

He noted that establishing scalable digital infrastructures such as GL1 and INM will provide fundamental support and unify markets according to principles of openness and accessibility, similar to the public Internet.

See also  SITE Network is embarking on a $39 billion virtual tourism project with Enjin

By fostering collaborative innovation, embracing new technologies and integrating global perspectives, MAS is revolutionizing Singapore’s financial landscape and perhaps setting a benchmark for the international financial community.

Source link

Asset Authority expansion Guardian Launches monetary pilots Project Singapore Tokenization
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Sec -retreats decision on Bitwise, 21Shares Solana ETF applications, Opens Public Consultation

2025-05-19

Authorities claim that scammers have stolen $ 265,000,000 in crypto to buy exotic cars, private security and other luxury

2025-05-19

SEC chairman Atkins confirms the end of hard crypto enforcement, proposes a uniform framework

2025-05-19

Trump administration to beat bank rules designed to prevent collapse in 2008 style: report

2025-05-19
Add A Comment

Comments are closed.

Top Posts

The founders of Friend.tech have controversial ties to the failed NFT project Kosetto

2023-08-22

House Oversight Committee does not ask -FDIC -Breed Letters to investigate the alleged suppression of the crypto industry

2025-03-03

Crypto Trader Predicts More Rallies for Bitcoin, Says BTC Breaks Out Against Major Stock Index

2023-10-05
Editors Picks

Dogecoin Trades Within Multi-Year Upward Channel – Expert Sets $15 Price Target

2025-01-20

Shiba Inu developer hints at big progress, SHIB provides important support

2024-01-10

What is a Layer-2 (L2) Blockchain Network Solution?

2025-05-02

Optimism and Arbiturm compete for the numero uno position in L2 space

2023-08-26

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Cdari works together with Laika Ai to strengthen blockchain -intelligence about chains

Sec -retreats decision on Bitwise, 21Shares Solana ETF applications, Opens Public Consultation

Coinbase confirms Doj research after a major security incident

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$106,010.880.21%
  • ethereumEthereum(ETH)$2,535.373.60%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.39-0.76%
  • binancecoinBNB(BNB)$651.020.32%
  • solanaSolana(SOL)$167.99-0.75%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.225612-1.29%
  • cardanoCardano(ADA)$0.74-0.73%
  • tronTRON(TRX)$0.2664920.67%
  • suiSui(SUI)$3.860.15%
  • chainlinkChainlink(LINK)$15.781.14%
  • avalanche-2Avalanche(AVAX)$22.29-1.39%
  • stellarStellar(XLM)$0.286107-0.99%
  • hyperliquidHyperliquid(HYPE)$26.44-1.10%
  • shiba-inuShiba Inu(SHIB)$0.000015-0.93%
  • hedera-hashgraphHedera(HBAR)$0.194211-0.48%
  • unus-sed-leoUNUS SED LEO(LEO)$8.62-1.24%
  • bitcoin-cashBitcoin Cash(BCH)$393.84-2.33%
  • the-open-networkToncoin(TON)$3.03-2.29%
  • litecoinLitecoin(LTC)$98.68-0.63%
  • polkadotPolkadot(DOT)$4.61-2.24%
  • moneroMonero(XMR)$344.041.96%
  • bitget-tokenBitget Token(BGB)$5.220.66%
  • pepePepe(PEPE)$0.000013-1.93%
  • daiDai(DAI)$1.000.01%
  • piPi(PI)$0.74-0.43%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • aaveAave(AAVE)$250.2010.69%
  • uniswapUniswap(UNI)$5.94-0.99%
  • bittensorBittensor(TAO)$413.81-1.21%
  • nearNEAR Protocol(NEAR)$2.77-0.81%
  • aptosAptos(APT)$5.211.73%
  • okbOKB(OKB)$52.47-0.74%
  • ondo-financeOndo(ONDO)$0.93-1.17%
  • kaspaKaspa(KAS)$0.108143-2.15%
  • ethereum-classicEthereum Classic(ETC)$18.480.34%
  • internet-computerInternet Computer(ICP)$5.21-0.69%
  • gatechain-tokenGateToken(GT)$21.51-0.75%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.82-1.61%
  • crypto-com-chainCronos(CRO)$0.096108-2.50%
  • mantleMantle(MNT)$0.73-1.85%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232778-2.27%
  • vechainVeChain(VET)$0.028147-1.34%
  • render-tokenRender(RENDER)$4.58-0.63%
  • ethenaEthena(ENA)$0.371871-2.25%
  • usd1World Liberty Financial USD(USD1)$1.000.05%
  • algorandAlgorand(ALGO)$0.222509-0.83%
  • filecoinFilecoin(FIL)$2.86-0.03%
  • arbitrumArbitrum(ARB)$0.3916300.96%
  • bitcoinBitcoin(BTC)$106,010.880.21%
  • ethereumEthereum(ETH)$2,535.373.60%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.39-0.76%
  • binancecoinBNB(BNB)$651.020.32%
  • solanaSolana(SOL)$167.99-0.75%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.225612-1.29%
  • cardanoCardano(ADA)$0.74-0.73%
  • tronTRON(TRX)$0.2664920.67%
  • suiSui(SUI)$3.860.15%
  • chainlinkChainlink(LINK)$15.781.14%
  • avalanche-2Avalanche(AVAX)$22.29-1.39%
  • stellarStellar(XLM)$0.286107-0.99%
  • hyperliquidHyperliquid(HYPE)$26.44-1.10%
  • shiba-inuShiba Inu(SHIB)$0.000015-0.93%
  • hedera-hashgraphHedera(HBAR)$0.194211-0.48%
  • unus-sed-leoUNUS SED LEO(LEO)$8.62-1.24%
  • bitcoin-cashBitcoin Cash(BCH)$393.84-2.33%
  • the-open-networkToncoin(TON)$3.03-2.29%
  • litecoinLitecoin(LTC)$98.68-0.63%
  • polkadotPolkadot(DOT)$4.61-2.24%
  • moneroMonero(XMR)$344.041.96%
  • bitget-tokenBitget Token(BGB)$5.220.66%
  • pepePepe(PEPE)$0.000013-1.93%
  • daiDai(DAI)$1.000.01%
  • piPi(PI)$0.74-0.43%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • aaveAave(AAVE)$250.2010.69%
  • uniswapUniswap(UNI)$5.94-0.99%
  • bittensorBittensor(TAO)$413.81-1.21%
  • nearNEAR Protocol(NEAR)$2.77-0.81%
  • aptosAptos(APT)$5.211.73%
  • okbOKB(OKB)$52.47-0.74%
  • ondo-financeOndo(ONDO)$0.93-1.17%
  • kaspaKaspa(KAS)$0.108143-2.15%
  • ethereum-classicEthereum Classic(ETC)$18.480.34%
  • internet-computerInternet Computer(ICP)$5.21-0.69%
  • gatechain-tokenGateToken(GT)$21.51-0.75%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.82-1.61%
  • crypto-com-chainCronos(CRO)$0.096108-2.50%
  • mantleMantle(MNT)$0.73-1.85%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232778-2.27%
  • vechainVeChain(VET)$0.028147-1.34%
  • render-tokenRender(RENDER)$4.58-0.63%
  • ethenaEthena(ENA)$0.371871-2.25%
  • usd1World Liberty Financial USD(USD1)$1.000.05%
  • algorandAlgorand(ALGO)$0.222509-0.83%
  • filecoinFilecoin(FIL)$2.86-0.03%
  • arbitrumArbitrum(ARB)$0.3916300.96%