The MAS takes a close look at digital asset trading infrastructure.
As asset tokenization continues at a rapid pace, the Monetary Authority of Singapore and 11 financial institutions examined infrastructure models to facilitate tokenized asset trading. The key to unlocking the full benefits of the technology is open and interoperable digital asset networks, the MAS said in its Project Guardian reportProject Guardian identified options for platform type, asset type and network access with an eye to best practices.
The second use case was trade finance and focused on Standard Chartered Bank’s asset-backed securities tokenization. In this model, tokenized trade finance receivable assets are repackaged as natively issued fungible tokens and divided into two tranches with differing risk exposures. Trading in the “senior,” less risky tokens would “broaden the investor base for real economy assets,” the report concluded.
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