“Today the Monetary Authority of Singapore (MAS) announced Project Guardian, a digital assets pilot using tokenization on public blockchains. The project involves regulated financial institutions acting as ‘trust anchors’ with an initial pilot involving JP Morgan, DBS Bank and Marketnode, the SGX joint venture for bonds. Tokenized bonds and deposits will be used in a permissioned liquidity pool for DeFi transactions involving borrowing and lending on a public blockchain. This solution is not targeted at retail investors, so it will only be available in the wholesale market.”