"MAS has seen strong interest in asset tokenization in recent years, notably in fixed income, FX, and asset management. We are encouraged by the keen participation from financial institutions and fellow policymakers to co-create industry standards and risk management frameworks to facilitate commercial deployment of tokenized capital markets products, and scale tokenized markets on an industry wide basis," said Leong Sing Chiong, deputy managing director (Markets and Development) of MAS.
The Guardian Fixed Income Framework will provide guidelines on implementing tokenization in debt capital markets, strengthen capabilities and catalyze adoption of tokenized fixed income solutions.
The regulator will form commercial networks to deepen liquidity of tokenized assets, developing an ecosystem of market infrastructures, fostering industry frameworks for tokenized asset implementation and enabling access to common settlement facilities for tokenized assets.
Project Guardian includes 40 financial institutions, industry associations, and international policymakers across seven jurisdictions, highlighting the collaborative approach to develop standard practices for tokenization.
#tokenization #financial-services #monetary-authority-of-singapore #project-guardian #asset-management
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