The Monetary Authority of Singapore (MAS) today announced plans to advance tokenisation in financial services. These include: forming commercial networks to deepen liquidity of tokenised assets; developing an ecosystem of market infrastructures; fostering industry frameworks for tokenised asset implementation; and enabling access to common settlement facility for tokenised assets. Deepening liquidity of tokenised assets through formation of commercial networks […]
Launched as part of the Monetary Authority of Singapore’s (MAS) Project Guardian, new pilot demonstrates how financial institutions can leverage existing Swift infrastructure to facilitate off-chain cash settlements for tokenized funds. Swift, UBS Asset Management, and Chainlink have completed a pilot for settling tokenized fund subscriptions and redemptions using the Swift network. This initiative would enable digital asset […]
SBI Digital Markets (SBIDM) has renewed its participation in the Monetary Authority of Singapore’s Project Guardian pilots, taking part in the Fixed Income and Asset and Wealth Management pilots with a focus on driving commercial adoption. Through its collaboration with financial institutions, SBIDM is building an end-to-end framework for the primary and secondary market distribution […]
