SBI Digital Markets to launch cross-border framework for tokenized assets

SBI Digital Markets, a Singapore-based subsidiary of Japan’s SBI Digital Asset Holdings, is developing a cross-border framework for tokenized assets to enhance liquidity and reduce costs, according to Decrypt. This initiative, part of the Monetary Authority of Singapore's Project Guardian, aims to link regulated digital asset exchanges across multiple regions. SBIDM is currently working on a Fixed Income pilot to create an international network for trading tokenized asset-backed securities, from issuance to secondary trading. The company plans to launch its first structured note backed by luxury wine assets soon, with future products to include intellectual property and commodities.