Industry associations join Project Guardian
The Monetary Authority of Singapore (MAS) has announced the expansion of initiatives to scale asset tokenisation for financial services. This includes partnering with global industry associations and financial institutions to drive common asset tokenisation standards in fixed income, foreign exchange (FX), and asset and wealth management.
MAS, with international financial institutions, also announced on June 27 the successful completion of the first phase of the Global Layer One (GL1) initiative and plans to develop standards, market practices and governing principles of foundational digital infrastructure for tokenised assets.
