MAS partners the industry to pilot use cases in digital assets
The Monetary Authority of Singapore (MAS) announced today the commencement of Project Guardian, a collaborative initiative with the financial industry that seeks to explore the economic potential and value-adding use cases of asset tokenisation.
Project Guardian will test the feasibility of applications in asset tokenisation and DeFi while managing risks to financial stability and integrity. MAS aims to develop and pilot use cases in four main areas: open, interoperable networks, trust anchors, asset tokenisation, and institutional grade DeFi protocols.
“Marketnode is pleased to collaborate with MAS and industry partners, DBS and J.P. Morgan, on this innovative and meaningful initiative out of Singapore. Having spearheaded various digital capital market initiatives over the last three years, we are excited to jointly develop a common market infrastructure which leverages the many benefits that institutional-grade decentralized finance (DeFi) protocols and tokenisation technologies can bring. Through Project Guardian, we aim to address real market issues, such as fragmented liquidity venues, high intermediation costs and transaction inefficiencies, and are looking forward to the journey ahead." said Martin Pickrodt, CEO of Marketnode.
Read the full announcement here: https://www.mas.gov.sg/news/media-releases/2022/mas-partners-the-industry-to-pilot-use-cases-in-digital-assets