- Policymakers from Singapore, the UK, Japan, and Switzerland collaborate on digital assets.
- The Monetary Authority of Singapore (MAS) leads Project Guardian with support from FCA, FSA, and FINMA.
- Project Guardian involves 15 financial institutions in digital asset pilots (fixed income, forex, asset management).
- Tokenization in these pilots shows potential for market and transaction efficiencies.
- Policymakers aim for cross-border collaboration, knowledge sharing, and risk assessment.
- Discussions on legal, policy, and accounting aspects, common standards, and regulatory sandboxes.
- Goal: Develop standards, regulatory frameworks, and support for the digital asset ecosystem.
- UK’s asset management sector sees distributed ledger tech potential for innovation and efficiency.
Regulators of UK, Singapore, Switzerland and Japan launch collaborative effort to explore digital asset use cases
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