Holpop News

The Monetary Authority of Singapore (MAS) has launched the Project Guardian initiative. It will focus on testing tokenized digital assets.
Regulated financial institutions such as JP Morgan, DBS Bank, Marketnode and SGX will participate in the project.
The Project Guardian initiative will be led by Deputy Prime Minister and Economic Policy Coordinating Minister Heng Swee Keat.
He will oversee how MAS explores decentralized finance (DeFi) applications in wholesale finance markets, creating a liquidity pool of tokenized bonds and deposits to execute loans and credit in a public blockchain-based network.
According to Dr. Sopnendu Mohanty, director of MAS’s Financial Technology Division, Project Guardian’s findings will inform the regulatory framework that is needed to use DeFi.