(3 October 2024 – Singapore) ANZ has joined the Monetary Authority of Singapore’s (MAS) Project Guardian, focusing on the use of tokenised real-world assets in financial markets.
The Australia-based bank will collaborate with Chainlink Labs and ADDX to explore how private blockchains can interact to facilitate the exchange of tokenised assets, such as commercial paper.
Launched in 2022, Project Guardian has encouraged collaboration between policymakers and the financial sector to improve liquidity and efficiency in financial markets through asset tokenisation.
Mark Evans, ANZ’s Singapore country head said of joining the initiative, “ANZ has had a presence in Singapore for 50 years, and during that time, our customers have benefitted from the bank’s access to a regulatory environment that actively promotes innovation.”
Nigel Dobson, ANZ banking services lead, highlighted the fragmented nature of tokenised asset markets, explaining that this fragmentation can hinder widespread adoption and complicate the integration process for financial institutions.
“We are excited to be a part of Project Guardian and look forward to showcasing how our emerging Digital Assets capabilities, such as A$DC, can help our customers move goods and capital across the region,” Dobson added.