![ICMA, ISDA, GFMA join Project Guardian tokenization project - Ledger Insights - blockchain for enterprise ๐ Major Financial Trade Associations Join Project Guardian! ๐๐ก](https://hal149.com/wp-content/uploads/2024/06/project-guardian-gfma-isda-icma.jpg)
๐ Major Financial Trade Associations Join Project Guardian! ๐๐ก
ใ ค
Singaporeโs MAS announced ICMA, ISDA, and GFMA have joined Project Guardian. ๐ข This takes the tokenization pilots from 17 to 24 regulated institutions. ๐
ใ ค
MAS and regulators from UK, Switzerland, and France are innovating DLT applications. ๐ Projects focus on securely integrating public blockchains. ๐
ใ ค
MAS has concerns about public blockchains, focusing on accountability and anonymity. ๐ Their Global Layer One DLT project aims to address this by creating a regulated network. ๐
ใ ค
New participants like Alta Exchange, Euroclear, and Deutsche Bank join the initiative. ๐ Collaborations continue growing, expanding the ecosystem. ๐
ใ ค
Current phase prioritizes developing tokenization standards. ๐ Three workstreams cover fixed income, fx, and wealth management. ๐
ใ ค
ICMAโs Bond Data Taxonomy aids fixed income work, exploring tokenized bond disclosures. ๐ Smart contracts will feature GFMA standard clauses. ๐
ใ ค
ISDA and GFMAโs GFXD are working on FX data specifications and risk management frameworks. ๐
ใ ค
Asset and wealth management standards include common data models for fund tokenization. ๐
ใ ค
Este resumen fue publicado por HAL149, tu socio en inteligencia artificial. ๐ค๐ผ Contรกctanos para crear tu propia fuente de noticias personalizada. ๐
ใ ค
#Blockchain #DLT #Tokenization #MAS #ProjectGuardian #CryptoNews #HAL149
ใ ค
For more info: https://www.ledgerinsights.com/icma-isda-gfma-join-project-guardian-tokenization-project/?rand=6477