S&P Global Ratings has announced its participation in the Monetary Authority of Singapore’s (MAS) Project Guardian, aiming to advance asset tokenization within financial markets.
The program, which is in its second year, aims at creating the framework and policies for the digital asset economy, with a focus on debt securities. S&P Global Ratings joins this effort under Project Guardian’s Fixed Income workstream, where it will contribute analytic frameworks, risk assessments, and benchmarks tailored for digital assets and tokenized markets.
Chuck Mounts, Chief DeFi Officer, S&P Global Ratings in a press release stated “We are delighted to join Project Guardian. This is another step forward in our commitment to leveraging our robust analytical and risk assessment capabilities to support both traditional finance (TradFi) and the growing universe of crypto-native decentralized finance (DeFi) clients.”
Within the fixed-income pilot projects, participating institutions are conducting transactions such as foreign exchange and bond trades against tokenized assets, exploring repurchase agreements, and developing frameworks for debt securities listing and initial token offerings on the Singapore Exchange.
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