Deutsche Bank announced its participation in the meeting. Monetary Authority of Singapore (MAS) Project Guardian. This initiative focuses on exploring the potential of tokenizing assets in regulated financial markets.
Project Guardian is a multi-year initiative that involves collaboration with global policy makers, including the UK’s FCA, Switzerland’s FINMA, and Japan’s Financial Services Agency, as well as representatives from the financial services industry.
Within the asset and asset management workstream, deutsche bank Testing open architecture and interoperable blockchain platforms for servicing tokenized digital funds.
The bank aims to propose protocol standards and identify best practices to foster the development of the industry.
Deutsche Bank’s involvement in Project Guardian will be led by Bun Heong Chan, Head of Securities, Technology and Advocacy and Head of Industry Applied Innovation for Asia Pacific.
The bank will collaborate with decentralized finance specialist Memento Blockchain to deliver DAMA 2 following its proof of concept DAMA 1 in 2023.
Interop Labs, the original developer of the Axelar network, will also participate in these efforts.
Anand Rengarajan
Anand Rengarajan, Head of Securities Services and Global Sales, Asia Pacific and Middle East, said:
“We are committed to being a leader in driving the development and adoption of digital assets in Singapore and the Asia-Pacific region.
Contributions to Project Guardian strengthen our efforts to help shape new frontiers in asset services, contribute to the advancement of the industry, and enable us to not only anticipate our clients’ needs, but exceed their expectations. This will place us in a strong position. ”
mike clark
Mike Clark, Global Head of Securities Services Product Management, said:
“Collaboration with leading fintech companies and digital natives is key to developing technologically advanced asset services products. This will not only strengthen our competitiveness but also create more value.” You will be able to do it.
Through Project Guardian and related work in the standardization space, we aim to advance the tangible and tangible benefits that technology and collaboration bring to our clients and the industry. ”
