MAS, FSIs join hands to expand asset tokenisation initiatives

They will launch five pilots to test promising asset tokenisation use cases.

The Monetary Authority of Singapore (MAS) will collaborate with 17 financial institutions (FSIs) to expand asset tokenisation initiatives and develop infrastructure to scale tokenised markets.

Under Project Guardian, the developments will free up liquidity, unlock investments, and increase the efficiency of financial markets.

MAS and the 17 FSIs will launch five pilots to test promising asset tokenisation use cases.

Citi, BNY Mellon, Ant Group, Franklin Templeton, and J.P. Morgan will lead the new pilots to test asset tokenisation use cases in listing, distribution, trading, settlement, and asset servicing.

MAS and its partners will also develop an Interlinked Network Model (INM) that will serve as a common framework for exchanging digital assets across independent networks.

The International Monetary Fund (IMF) will provide Project Guardian with international legal perspectives to boost cooperation across cross-border platforms.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Condo rents drop 0.2% MoM in October
Rents across sub-markets dropped in October, except for RCR.
HDB rents slip 0.4% MoM in October
By room type, 5 Room recorded the highest rent decrease.
Will Long Island be Singapore’s second Sentosa?
An expert expects over 30,000 and 60,000 homes to be built on the 800ha land.
Commercial Property