By 
The Monetary Authority of Singapore has started exploring the potential of asset tokenization on the economy, in partnership with financial industry players in the country.
Source: Monetary Authority of Singapore
BTC is up 2.91%, ETH up 2.89%, and ADA up 16.55%.
Dubbed Project Guardian, the MAS is looking at the economic potential and the value-adding use cases of asset tokenization or representing assets or items through smart contracts on a blockchain.
The pilot will cover tokenized bonds and deposits under a permitted liquidity pool and making secured borrowing and lending on a public blockchain conducted through smart contracts.
The project will evaluate the feasibility of applications in asset tokenization and decentralized finance while looking into risks involved with financial stability and integrity.
The pilot will be led by the DBS Bank Ltd., JP Morgan, and Marketnode, with the MAS open to other initiatives on digital asset innovations. It is also pushing for proposals for live experimentation.
Comments