MAS launches asset tokenisation and DeFi project

First pilot on bond transactions will involve state-owned firms and JP Morgan

Monetary Authority of Singapore

The Monetary Authority of Singapore has launched a new project to explore asset tokenisation and decentralised finance.

Heng Swee Keat, Singapore’s deputy prime minister and co-ordinating minister for economic policies, announced “Project Guardian” on May 31. In the first industry pilot it has partnered with JP Morgan and two Singaporean government-owned financial firms.

Asset tokenisation is the process by which issuers represent digital or physical assets, in this case securities and

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