Guardian

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/singapore-advances-efforts-in-asset-tokenization" data-wpel-link="internal" rel="noopener noreferrer nofollow">Singapore Advances Efforts in Asset Tokenization</a><br></p>
<p style="text-align: justify">The Monetary Authority of Singapore (MAS) has unveiled plans to promote asset tokenization, seeking to solidify its position as a leader in the commercial sector. The initiative aims to boost liquidity and drive the adoption of tokenization within financial services, marking a significant step forward for the nation.</p>
<h2 id="what-are-the-key-strategies-for-tokenization">What Are the Key Strategies for Tokenization?</h2>
<p style="text-align: justify">MAS is dedicated to building commercial networks while enhancing market infrastructures. Their objectives include supporting industry frameworks and improving settlement capabilities to propel asset tokenization forward.</p>
<h2 id="who-is-involved-in-project-guardian">Who Is Involved in Project Guardian?</h2>
<p style="text-align: justify">MAS is collaborating with over 40 financial institutions, industry associations, and global policymakers from seven countries as part of Project Guardian. This collaborative effort is designed to enhance the liquidity and acceptance of tokenized asset transactions.</p>
<p style="text-align: justify">Key initiatives and developments include:</p>
<ul>
 <li>Establishment of the Guardian Fixed Income Framework (GFIF) and the Guardian Funds Framework (GFF) to facilitate asset tokenization.</li>
 <li>Development of a Global Layer One (GL1) digital infrastructure ecosystem to enable smooth cross-border transactions.</li>
 <li>Collaboration with major financial institutions like BNY, Citi, and HSBC to address essential requirements for the GL1 Platform.</li>
 <li>Investment of $10 million by <a href="https://en.bitcoinhaber.net/us-sec-appeals-target-ripple-executives" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ripple</a> to tokenize U.S. Treasury bonds on the <a href="https://en.bitcoinhaber.net/xrp-hits-crucial-resistance-challenges-and-support-levels-explored" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP</a> Ledger.</li>
</ul>
<p style="text-align: justify">The MAS’s commitment to asset tokenization positions Singapore as a significant player in the rapidly evolving arena of financial technologies, potentially reshaping the landscape of global finance.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/singapore-advances-efforts-in-asset-tokenization" data-wpel-link="internal" rel="noopener noreferrer nofollow">Singapore Advances Efforts in Asset Tokenization</a></h5>

Singapore Advances Efforts in Asset Tokenization

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