The Monetary Authority of Singapore (MAS) announced that the first industry pilot for digital asset and DeFi under its Project Guardian is live, and has completed its first live trades.
Project Guardian was launched in May this year, aiming to explore the economic potential and value-adding use cases of asset tokenisation. Under the first industry pilot, DBS Bank, JP Morgan and SBI Digital Asset Holdings conducted foreign exchange and government bond transactions against liquidity pools comprising of tokenised Singapore Government Securities Bonds, Japanese Government Bonds, Japanese Yen and Singapore Dollar.
MAS said that more industry pilots have been launched to test the application of asset tokenisation and DeFi across a broader range of use cases in the financial sector.
Policy and Regulation
