The Monetary Authority of Singapore has launched a new project to explore asset tokenization and decentralized finance.
Heng Swee Keat, Singapore’s Deputy Prime Minister and Coordinating Minister for Economic Policy, announced “Project Guardian” on May 31. In the industry’s first pilot, it partnered with JP Morgan and two Singaporean government-owned financial firms.
Asset tokenization is the process by which issuers represent digital or physical assets, in this case securities and
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