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Deutsche Bank has become the latest financial institution to participate in the Monetary Authority of Singapore’s (MAS) Project Guardian, a multi-year initiative aimed at exploring applications for asset tokenisation.
As part of Project Guardian, Deutsche Bank will contribute to the asset and wealth management workstream, focusing on testing an open architecture and interoperable blockchain platform designed to facilitate tokenised and digital funds.
Mike Clarke, Global Head of Securities Services Product Management at Deutsche Bank, expressed optimism about the project, stating: “Through Project Guardian, and our efforts in relevant standardization areas, we aim to showcase the tangible benefits that technology and collaboration can offer to clients and the industry.”
Deutsche Bank joins other prominent institutions such as Citi, Fidelity, OCBC, and JPMorgan, all of which commenced pilot projects under Project Guardian in November. These initiatives investigate asset tokenisation across various sectors, including fixed income, foreign exchange, and asset management products.
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