.MAS_sg is starting a pilot alongside dbsbank, jpmorgan and Marketnode to explore use cases of digital assets in tokenization and DeFi. By JamieCrawleyCD
The Monetary Authority of Singapore is starting a pilot alongside financial heavyweights DBS, JPMorgan and Marketnode, to explore use cases of digital assets in tokenization and decentralized finance .
The project will explore the feasibility of tokenization and DeFi using open, interoperable networks, enabling digital assets to be traded across platforms, including existing financial infrastructure,The first stage of"Project Guardian" will see MAS explore DeFi applications in wholesale funding markets through the creation of liquidity pool of tokenized bonds and deposits to carry out borrowing and lending on a public blockchain-based network.
Both DBS and JPMorgan have track records of building digital assets and blockchain technology into their wholesale banking operations.
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