Germany's central bank joins global financial tokenization initiative
Germany's central bank, Deutsche Bundesbank, has joined Singapore's Project Guardian, a global initiative by the Monetary Authority of Singapore (MAS) to modernize financial markets through asset #tokenization .
Launched in 2022, Project Guardian will work with financial institutions and global regulators to set industry standards and promote the adoption of tokenized assets in capital markets, ultimately leading to greater global financial connectivity.
the participation of the Bundesbank, one of Europe's leading central banks, signals progress in integrating #digital assets into the mainstream financial system. The bank is actively participating in the pilot project Project Guardian, which aims to create a #blockchain platform for the efficient management of cross-border assets.
Burkhard Balz, a member of the Bundesbank's Executive Board, emphasized that the project is in line with European research on distributed ledger technology (DLT) and the application of blockchain in finance.
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