MAS, FSIs join hands to expand asset tokenisation initiatives

They will launch five pilots to test promising asset tokenisation use cases.

The Monetary Authority of Singapore (MAS) will collaborate with 17 financial institutions (FSIs) to expand asset tokenisation initiatives and develop infrastructure to scale tokenised markets.

Under Project Guardian, the developments will free up liquidity, unlock investments, and increase the efficiency of financial markets.

MAS and the 17 FSIs will launch five pilots to test promising asset tokenisation use cases.

Citi, BNY Mellon, Ant Group, Franklin Templeton, and J.P. Morgan will lead the new pilots to test asset tokenisation use cases in listing, distribution, trading, settlement, and asset servicing.

MAS and its partners will also develop an Interlinked Network Model (INM) that will serve as a common framework for exchanging digital assets across independent networks.

The International Monetary Fund (IMF) will provide Project Guardian with international legal perspectives to boost cooperation across cross-border platforms.