2022 – Singapore explores tokenizing digital assets on public chains by Cointelegraph


Singapore explores tokenizing digital assets on public chains

The Monetary Authority of Singapore (MAS) has launched Project Guardian, a blockchain-based test for digital assets that will use a token. The project involves regulated financial institutions acting as “pillars of trust” with a pilot program that includes JP Morgan, DBS Bank and Marketnode, the SGX bond joint venture.

The Project Guardian initiative, announced during the Asia Tech x Singapore Summit on Tuesday, was led by Deputy Prime Minister and Coordinating Economic Policy Minister Heng Swee Keat. MAS . is displayed explore Decentralized Finance (DeFi) applications. in wholesale finance markets by creating a liquidity pool of tokenized bonds and deposits to implement lending and lending on a public blockchain-based network.

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