Yesterday, Monetary Authority of Singapore managing director Chia Der Jiun discussed tokenization during an event for asset managers. He covered some of the fund tokenization pilots that are part of Project Guardian and the MAS Global Layer 1 (GL1) initiative for tokenization.
He highlighted the tokenization benefits of instant settlement and process automation, which can create efficiencies and enable greater customization of funds.
That’s something being explored by the UK asset manager Schroders and fund distribution platform Calastone as part of Singapore’s Project Guardian public blockchain trials. A recent Calastone survey showed that 96% of APAC asset managers intend to have tokenization offerings within three years.
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