Singapore to introduce new measures to drive asset tokenization in financial services

The Monetary Authority of Singapore (MAS) is soon rolling out new measures to advance tokenization in financial services, aiming to build commercial networks, strengthen market infrastructure and establish unified industry frameworks for tokenized assets, CoinDesk reported. Project Guardian, a crypto group under MAS, has previously published two frameworks to guide tokenization in fixed income and funds. The Guardian Fixed Income Framework focuses on debt markets, while the Guardian Funds Framework sets best practices for tokenized investment vehicles, both designed to uphold industry standards and enhance risk management.