S&P Global Ratings has recently joined the Monetary Authority of Singapore's Project Guardian, focusing on asset tokenization's impact on financial market liquidity. The project aims to set standards, policy guidelines, and create a digital asset ecosystem. S&P Global will partake in fixed-income pilot projects involving tokenized bonds and currencies for transactions. Project Guardian, initiated in May 2022, includes major players like JP Morgan and DBS Bank. Noteworthy advancements include a deposit token, seen as a stablecoin issued by regulated entities. The project also explores wealth management and foreign exchange on public blockchains for network interoperability. JPMorgan's successful cross-border transaction using tokenized currencies on the Polygon blockchain showcases the project's progress in decentralized finance. Overall, Project Guardian signifies a significant step towards integrating blockchain technology into traditional financial systems, with potential benefits for real estate markets. Read more AI-generated news on: https://app.chaingpt.org/news