IMAS and UK’s IA join Project Guardian for asset tokenisation initiatives

They are the first asset management-specific bodies to join Project Guardian.

The Investment Management Association of Singapore (IMAS) and the UK’s Investment Association (IA) announced their participation in Project Guardian, an international initiative led by the Monetary Authority of Singapore (MAS).

Project Guardian is an international collaborative initiative between policymakers and the finance industry aimed at enhancing the liquidity and efficiency of financial markets through asset tokenisation.

IMAS and IA are both the first domestic trade associations and the first asset management-specific bodies to join Project Guardian.

Run by the MAS, Project Guardian includes other regulators, such as the Financial Conduct Authority in the UK.

“IMAS is committed to working with our partners to build a resilient and interoperable ecosystem, one where investors and managers better understand the opportunities and risks of tokenised assets. We look forward to working closely with MAS, FCA and UK AI in this exciting initiative,” IMAS CEO Carmen Wee said.

“Tokenisation and digital markets are a huge focus area with significant growth potential for the UK investment management industry. Blockchain and tokenised assets are not constrained by borders, and the Investment Association is delighted to have been invited to join Project Guardian to drive international coordination as we design the future of the global financial system,” IA CEO Chris Cummings said.