CandleFocus Deutsche Bundesbank joins Singapore’s Project Guardian to boost asset tokenization
2024-11-08
Author: Content Editor
The Deutsche Bundesbank, Germany's central bank, has joined Singapore's Project Guardian to advance asset tokenization in the financial markets. The collaboration will involve testing an interoperable blockchain platform for tokenized and digital funds, with the aim of enhancing liquidity and efficiency. The German central bank hopes to leverage the initiative's resources to explore how asset tokenization can be used in the financial sector. This move aligns with Singapore's efforts to promote the commercialization of tokenized assets and develop market infrastructures to support cross-border transactions.
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