Deutsche Bundesbank has become a member state. project guardianThis is a global initiative led by Monetary Authority of Singapore (MAS) Explore the use of asset tokenization in financial markets.
Deutsche Bundesbank, Germany’s member state of the Eurosystem and Germany’s monetary authority from 1957 to 1998, brought its expertise to the project.
Launched in May 2022, Project Guardian brings together policymakers and key financial industry players to improve market liquidity and efficiency through the innovative use of technology.
Deutsche Bundesbank is conducting various pilots to test concrete use cases of asset tokenization, investigate its feasibility and potential benefits to capital markets, and consider how network effects can be leveraged. I plan to participate in the project.
As part of the policymaker group Project Guardian, Deutsche Bundesbank is working with other central banks and institutions to develop common standards and encourage cross-border cooperation by improving the interoperability of this emerging technology. Contribute to
The bank will also play a role in the asset and wealth management workstream, testing an interoperable blockchain platform for tokenized digital funds.
Project Guardian has three main goals. It is about creating an industry framework for asset tokenization, establishing policy guidelines and standards, and developing a robust and sustainable digital asset ecosystem with real-world applications.
Mr Leong Sing Chiong, Deputy Managing Director (Markets and Development) of MAS, said:
“We are pleased to welcome Deutsche Bundesbank to Project Guardian.
Deutsche Bundesbank’s expertise will be invaluable as we work together to increase liquidity and efficiency in financial markets through the tokenization of assets. ”
Burkhard Balz, Member of the Board of the German Federal Bank, said:
“MAS is focused on innovative themes that are also being addressed in Europe, such as how innovative technologies and concepts such as distributed ledger technology (DLT) and blockchain can be meaningfully used in the financial sector. I’m here.
Deutsche Bundesbank is very pleased to be working with a talented partner like MAS. ”
Featured image credit: Edited from Wikipedia
