🇸🇬 Singapore moves towards the commercialization of asset tokenization!

- MAS announces multi-faceted efforts to promote tokenization.

- Guardian Project: Over 40 organizations, 15 trials, 7 jurisdictions, 6 currencies.

- Challenges: Need for infrastructure, liquidity, standardization framework to scale.

- Global Layer One expands with BNY, Citi, JPMorgan, MUFG, Societe Generale-FORGE, Euroclear, HSBC.

- Guardian framework for debt capital markets and investment funds.

- SGD Testnet supports central bank digital currency (CBDC) for payments and securities.

What do you think about this advancement from Singapore? Comment below! 💬