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.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia