The Deutsche Bundesbank, Germany’s central bank, has joined the Project Guardian initiative launched by the Monetary Authority of Singapore (MAS). The aim of Project Guardian is to create a safe and regulated environment to promote the development of the digital assets market. It focuses on exploring asset tokenization opportunities, which allows traditional investment instruments to be traded in a faster, more efficient, and more liquid environment.
By joining Project Guardian, the Bundesbank will contribute to the exploration of cross-border money market tokenization and develop frameworks that integrate distributed ledger technologies (DLT) to increase operational efficiency and market liquidity. This collaboration also involves renowned industry players such as UBS Asset Management, Swift, and Chainlink.
As part of the partnership, the pilot programs will aim to create global standards for tokenized asset management, harmonize regulatory practices, and build a viable ecosystem where digital tools increase market efficiency and promote the use of blockchains in global finance.
