🔥 𝐈𝐬 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 𝐫𝐞𝐚𝐝𝐲 𝐭𝐨 𝐥𝐞𝐚𝐝 𝐢𝐧 𝐜𝐫𝐲𝐩𝐭𝐨 𝐭𝐨𝐤𝐞𝐧𝐨𝐦𝐢𝐜𝐬 𝐩𝐨𝐰𝐞𝐫𝐞𝐝 𝐛𝐲 𝐛𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧❓ 𝐀𝐫𝐞 𝐂𝐡𝐚𝐢𝐧𝐥𝐢𝐧𝐤 𝐚𝐧𝐝 𝐀𝐕𝐀𝐗 𝐡𝐞𝐚𝐝𝐢𝐧𝐠 𝐭𝐨𝐰𝐚𝐫𝐝𝐬 𝐦𝐚𝐬𝐬 𝐚𝐝𝐨𝐩𝐭𝐢𝐨𝐧❓

🚀 Exciting News from #singapore ! 🇸🇬 The Monetary Authority of Singapore (MAS) is making big moves in the world of crypto and blockchain.

They're expanding their asset tokenisation initiatives under Project Guardian, aiming to transform the financial industry with digital assets. This means more liquidity, new investment opportunities, and enhanced efficiency in financial markets.

🌐 What's Happening?

MAS is collaborating with 17 financial institutions on five new industry pilots. This could revolutionize everything from trading to settlement in capital markets.

Big names like Citi, J.P. Morgan, and Ant Group are on board, exploring innovative solutions in digital asset trading, cross-border payments, and more.

Franklin Templeton is even looking into issuing a tokenised money market fund!

🔍 Focusing on Funds

MAS is also diving into digital funds, specifically Variable Capital Company (VCC) funds, to streamline distribution and address legal and policy aspects.

🌍 Going Global with GL1

The Global Layer One (GL1) initiative is another big step. MAS is working with international players to create a digital infrastructure for hosting and trading tokenised financial assets globally.

🔗 Interlinked Network Model (INM)

This model is all about connecting different financial institutions seamlessly, even if they're on different networks. A whitepaper released today sheds more light on this.

🌐 International Collaboration

The IMF has joined Project Guardian’s policymaker group, adding a global perspective to these groundbreaking initiatives.