Singapore introduces new pilots to test asset tokenisation

The Monetary Authority of Singapore (MAS) has introduced five additional industry pilots to Project Guardian to test various use cases around asset tokenisation, reports Cointelegraph.

Project Guardian is a collaborative initiative led by Singapore’s central bank that seeks to develop new financial infrastructure using decentralised finance (DeFi) elements. The latest initiatives are aimed at developing foundational capabilities to scale tokenised markets. As explained by MAS:

“These developments under Project Guardian will catalyse the institutional adoption of digital assets, with the aim of freeing up liquidity, unlocking investment opportunities, and increasing the efficiency of financial markets.”

Out of the 17 financial institutions that are members of Project Guardian, Citi, T. Rowe Price and Fidelity International are testing bilateral digital asset trade mechanisms, exploring real-time post-trade reporting and analytics of digital asset trades. Ant Group is testing a treasury management solution’s capability to enhance liquidity management funding globally.

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