HomeCrypto NewsTokenization: Deutsche Bank partners with Singapore’s “Guardian” project

Tokenization: Deutsche Bank partners with Singapore’s “Guardian” project


It’s tokenizing at full speed! Since May 2022, the Monetary Authority of Singapore (MAS) launched his Project Guardian » aimed at experimenting with tokenization of classic assets on blockchain networks. After its association in October 2023 with financial institutions including British, Japanese and Swissthis time it is the large German banking group of the Deutsche Bank which joins these tokenization experiments.

THE ” Project Guardian » of the Singapore MAS is growing even more

Since its launch, the project Guardian of the Monetary Authority of Singapore was able to attract numerous financial players on a national scale to its practical tests of the tokenization real-world assets, or RWA (for Real World Assets).

These are thus the Financial Conduct Authority (FCA) of United Kingdomthe Financial Services Agency (FSA) of Japan or the Financial Market Supervisory Authority (FINMA) of the Swiss who joined the Guardian project several months ago.

But this May 14, 2024, via a communicated press, the Deutsche Bank she also announces his willingness to participate to this project, to test the tokenization of assets within regulated financial markets.

Deutsche Bank dives into blockchain tokenization

We already knew that the German banking group was not not indifferent to the big ones technological advances driven by the cryptocurrency sector. Indeed, at the end of 2023, Deutsche Bank had traded USDC and EURS stablecoins with the British bank Standard Chartered.

This time, as part of its focus on asset and wealth management, the German banking institution “will test an open architecture and interoperable blockchain platform to offer tokenized funds “.

“We are committed to playing a leading role in the development and adoption of digital assets in Singapore and the Asia-Pacific region. (…) Our contribution to Project Guardian will strengthen our efforts to help shape the new frontier of asset-based services, and allow us to contribute to the progress of the sector; and not only anticipate the needs of our customers, but also exceed their expectations. »

Anand Rengarajan, Head of Securities Services for Asia Pacific and Middle East and Global Head of Sales for Deutsche Bank

Large financial institutions like Deutsche Bank now appear to have perfectly understood the incredible technological revolution that Bitcoin and its ilk carry. Just a few weeks ago, it was the American asset management giant Franklin Templeton who operated the Polygon (MATIC) and Stellar (XLM) blockchains to optimize the tokenization of your fund FOBXX relating to US government bonds.


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