Japan's SBI Expands Singapore's Tokenization Project with New Pilots

Quick Summary:

The move is part of MAS’s broader vision to promote institutional digital asset adoption under the tokenization initiative "Project Guardian".

Enabled by Chainlink’s Cross-Chain Interoperability Protocol, smart contracts streamline interactions within the fund while curbing operational expenses—an innovation SBIDM describes as a “fundamental shift” in the $63 trillion mutual fund industry.

Those securities will be available in both traditional and digital forms to attract a broad spectrum of investors, employing a blockchain-agnostic infrastructure designed to support global transactions, it said.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Sebastian Sinclair

Category: Crypto

Markets: EstoniaJapanSingapore

Topics: Project guardian Singapore Japan Monetary authority of singapore Business

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 22:50:57 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 447 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 23413795

View Article Analysis

About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 7 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 9 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #63

Publisher Details

Frequently Asked Questions