Global Regulators Launch Project Guardian to Advance Cross-Border Collaboration on Asset Tokenization
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Regulators in Singapore, Japan, the UK, and Switzerland planning asset tokenization pilots for fixed income, forex, and asset management.
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Project Guardian formed by MAS, Japan's FSA, UK's FCA, and Switzerland's FINMA to advance cross-border collaboration on asset tokenization.
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Project focused on legal/accounting treatment of digital assets, identifying risks/gaps in policy, and developing standards for digital asset markets.
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Project will facilitate industry pilots for digital assets through regulatory sandboxes.
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MAS partnership with FSA, FCA, and FINMA shows desire among policymakers to understand opportunities/risks from digital asset innovation.