SBI Digital Asset Holdings (SBIDM), a subsidiary of the SBI Group, is collaborating with leading financial institutions to create a cross-border framework for tokenized assets. The initiative aims to connect regulated digital asset exchanges across multiple regions to increase liquidity and reduce costs. SBIDM plans to release its first structured note supported by luxury wine assets, followed by products tied to intellectual property and commodities. The company is also working with UBS Asset Management to evaluate a tokenized money market fund. These efforts are part of Singapore's project called Project Guardian, which aims to promote institutional digital asset adoption through public and private blockchain technology. Other major players participating in the project include Standard Chartered, HSBC, and JP Morgan.



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