Monetary Authority of Singapore: Working with the financial industry to expand the asset tokenization program

ChainCatcher message, the Monetary Authority of Singapore (MAS) announced that it is collaborating with the financial industry to expand the asset tokenization program and enhance foundational capabilities to drive the scalable development of the tokenization market. These expansions under the "Project Guardian" will catalyze institutional adoption of digital assets, aiming to unlock liquidity, open investment opportunities, and improve the efficiency of financial markets.

It is reported that an industry group consisting of 17 financial institutions from "Project Guardian" has launched five industry pilot projects to test promising asset tokenization use cases, which are expected to provide integration across the entire capital market value chain, including listing, distribution, trading, settlement, and asset servicing.