SBI Digital Markets deepens its involvement with the Monetary Authority of Singapore project guardianconsider the tokenization of financial assets.
The company is working with financial institutions to build a framework for distributing tokenized securities in primary and secondary markets.
Connect regulated digital asset exchanges across jurisdictions using a blockchain-agnostic platform.
With the Fixed Income Pilot, SBI aims to increase global liquidity by issuing tokenized asset-backed securities in both traditional and digital formats.
The framework is expected to launch within two months and will first offer structured debt backed by fine wine, followed by intellectual property and commodities.
In the asset and asset management pilot, SBI builds on its previous work with UBS Asset Management.
This phase will test the commercial use of the tokenized UBS Money Market Fund under the Variable Capital Company (VCC) structure.
The project uses Digital Transfer Agent smart contracts and Chainlink’s Cross-Chain Interoperability Protocol (CCIP) for cross-chain communication, increasing efficiency and transparency while reducing costs.
SBI is also working on launching tokenized bonds, following last year’s live buyback transactions with digital bonds issued natively on public blockchains.
Winston Quek, Chief Executive Officer of SBI Digital Markets, said:
“From issuance, tokenization, distribution, digital custody, listing on digital asset exchanges, and structuring secondary transactions, we enable dual issuance in traditional and tokenized formats while providing efficiency. Introduced a workflow for cross-border distribution networks.
We are open and interoperable in both our operational structure and technology engineering, allowing institutional investors at various stages of digital transformation to join our efforts and unlock efficiencies through blockchain technology. architecture was adopted. ”
Featured image credit: Edited from freepic
