ChainCatcher news, according to CoinDesk, traditional financial giants Citi and Fidelity have jointly developed a proof of concept for an on-chain money market fund digital foreign exchange swap. The project will be showcased at the Singapore FinTech Festival from November 6 to 8, aiming to demonstrate how investors can achieve real-time settlement of multi-asset positions.This proof of concept was developed under the Monetary Authority of Singapore's (MAS) "Project Guardian" framework, which is dedicated to advancing a tokenized universal standard. Through this innovation, investors may gain the following advantages: real-time settlement of multi-asset positions; higher returns by investing in money market funds denominated in non-local currencies; increased diversification of their portfolios.

ChainCatcher news, the Singapore FinTech Festival, jointly organized by the Monetary Authority of Singapore (MAS) and the Singapore Banking Association, will grandly open on November 15.Dr. Zhang Xiao, founder of zCloak Network, has been invited by the organizers to participate in a roundtable discussion during the exhibition, themed "Shaping the Future of Cross-Border Transaction Compliance," hosted by Elevandi Insights.It is reported that at this roundtable, central bankers, financial industry experts, and thought leaders from academia and various enterprises will discuss how to achieve compliant payments on the blockchain, specifically how to ensure their security and integrity while facilitating cross-border payments, and create the necessary conditions for relevant legal regulations.In addition, Dr. Zhang Xiao stated: "The zCloak team will also announce significant news related to the development projects in collaboration with partners during the FinTech Festival, and it will be a global premiere, so everyone can stay tuned."