ChainCatcher news, the Monetary Authority of Singapore (MAS) has proposed a design framework for interoperable digital asset networks, developed in collaboration with the Bank for International Settlements (BIS) and other financial institutions.Currently, 11 institutions have been enlisted to test asset tokenization across financial asset classes. Banking giants such as HSBC, Standard Chartered, DBS, and Citibank will conduct pilot studies in wealth management, fixed income, and foreign exchange. (Source link)

ChainCatcher news, according to Streetinsider, the company Anode Labs Inc, which develops the decentralized energy storage asset network React, announced the completion of a $4.2 million financing round, led by Lerer Hippeau and Lattice, with participation from VaynerFund, CoinShares, and Digital Currency Group.Anode Labs' React network uses decentralized Web3 technology to save energy, improve grid efficiency, and address climate issues. Its energy storage asset platform allows participants to connect their home batteries to the Web3 energy storage network, where connected businesses and individuals can receive cash and token incentives. (Source link)