🚀 Singapore's Monetary Authority (MAS) is on a mission to tokenize the world! At the first MAS Layer One Summit, deputy managing director Leong Sing Chiong highlighted the successes and challenges of Project Guardian. With over 40 institutions and 15 trials under its belt, tokenization is gaining momentum, but scaling remains a hurdle.

To tackle this, MAS is rolling out a masterplan, expanding its Global Layer One initiative with big names like BNY and JPMorgan. New frameworks for tokenizing debt and funds are also in play. Plus, the SGD Testnet is set to revolutionize payments with tokenized money. Stay tuned for more crypto magic! ✨