TechFlow news — On September 30, according to The Block, the Australia and New Zealand Banking Group (ANZ) announced its official participation in Project Guardian, an initiative led by the Monetary Authority of Singapore (MAS), aimed at "exploring broader applications of tokenizing real-world assets in financial markets."
ANZ will collaborate with Chainlink Labs and ADDX to focus on researching "interoperability between private blockchains to enable the exchange of tokenized real-world assets such as commercial paper." Mark Evans, Head of ANZ Singapore, stated that the bank is committed to "accelerating the development of a stable and secure digital asset ecosystem to meet the future needs of clients across the region."
Launched in 2022, Project Guardian is a public-private collaborative tokenization pilot program designed to test applications for tokenizing real-world assets. Participating entities include the UK Financial Conduct Authority (FCA), Swiss Financial Market Supervisory Authority (FINMA), and Japan's Financial Services Agency (FSA), along with financial institutions such as Deutsche Bank, Citibank, and Apollo Global Management. The project is currently exploring tokenization use cases in fixed income, wealth management, and foreign exchange.
