ICMA, ISDA, GFMA join Project Guardian tokenization project – Ledger Insights – blockchain for enterprise

🚀 Major Financial Trade Associations Join Project Guardian! 🌐💡

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Singapore’s MAS announced ICMA, ISDA, and GFMA have joined Project Guardian. 📢 This takes the tokenization pilots from 17 to 24 regulated institutions. 🚀

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MAS and regulators from UK, Switzerland, and France are innovating DLT applications. 🌍 Projects focus on securely integrating public blockchains. 🔗

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MAS has concerns about public blockchains, focusing on accountability and anonymity. 🔍 Their Global Layer One DLT project aims to address this by creating a regulated network. 🌐

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New participants like Alta Exchange, Euroclear, and Deutsche Bank join the initiative. 📈 Collaborations continue growing, expanding the ecosystem. 🌟

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Current phase prioritizes developing tokenization standards. 📊 Three workstreams cover fixed income, fx, and wealth management. 🔍

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ICMA’s Bond Data Taxonomy aids fixed income work, exploring tokenized bond disclosures. 📈 Smart contracts will feature GFMA standard clauses. 🚀

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ISDA and GFMA’s GFXD are working on FX data specifications and risk management frameworks. 🌐

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Asset and wealth management standards include common data models for fund tokenization. 📊

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#Blockchain #DLT #Tokenization #MAS #ProjectGuardian #CryptoNews #HAL149

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For more info: https://www.ledgerinsights.com/icma-isda-gfma-join-project-guardian-tokenization-project/?rand=6477