Axelar (AXL) collaborates with Deutsche Bank to rejoin the Project Guardian initiative

ChainCatcher news, according to CryptoSlate, Deutsche Bank is collaborating with Interop Labs (the initial development team of Axelar Network) to join the Project Guardian, sponsored by the Monetary Authority of Singapore, which aims to establish new standards for blockchain interoperability and asset tokenization.

Interop Labs CEO Sergey stated, "Secure blockchain interoperability is a prerequisite for unlocking the trillion-dollar potential of asset tokenization, and Axelar is the key infrastructure for institutional adoption."

Previously, Axelar had collaborated with JPMorgan's digital asset platform Onyx and Apollo to successfully experiment with how to use smart contracts to manage client portfolios at scale.