Deutsche Bank Joins Singapore’s Central Bank Project to Explore Asset Tokenization and DeFi

CoinMarketCap05-14

Deutsche Bank, a German multinational investment bank, has announced its collaboration with Singapore’s central bank to explore asset tokenization opportunities. The bank has joined the Monetary ...

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The bank has joined the Monet","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4552":"Archegos爆仓风波概念","BK4566":"资本集团","DB":"德意志银行","BK4118":"综合性资本市场","MAS":"马斯科","BK4585":"ETF&股票定投概念","BK4086":"建筑产品","BK4588":"碎股","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","SG9999001440.SGD":"United Global Dividend Equity Fund A SGD Dist"},"translate_title":"德意志银行加入新加坡央行项目，探索资产令牌化和DeFi","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DB":1,"MAS":1},"content_text":"Deutsche Bank, a German multinational investment bank, has announced its collaboration with Singapore’s central bank to explore asset tokenization opportunities. \n\nThe bank has joined the Monetary Authority of Singapore’s (MAS) Project Guardian initiative, which focuses on tokenizing assets in wholesale funding markets and DeFi applications. The project is a multi-year project involving global policymakers (including the United Kingdom’s FCA, Switzerland’s FINMA and Japan’s FSA) and financial services industry representatives.\nThe bank joins as a component of its asset and wealth management efforts and will experiment with an open architecture and interoperable blockchain platform to facilitate the management of tokenized and digital funds. After completing this, it would propose protocol standards and identify best practices to enhance industry advancement.\n\n“Contributing to Project Guardian will bolster our efforts to help shape the new frontier of asset servicing, and strongly position us to contribute to industry progress, and not only anticipate our clients’ needs but exceed their expectations,”\n\nthe bank noted in its statement confirming the move. \nBoon-Hiong Chan, Deutsche Bank’s Asia Pacific head of securities and technology, will lead the bank’s efforts for Project Guardian. The bank will work closely with Memento Blockchain, a platform targeting DeFi and digital asset management, to develop DAMA 2, a digital asset management platform. \nDeutsche Bank previously collaborated with Memento Blockchain in 2022 and 2023 on Project DAMA, successfully completing a proof-of-concept for digital asset management access. The new initiative aims to unlock the potential for a more efficient, secure, and flexible solution for digital fund management and investment servicing.\nMeanwhile, Deutsche Bank’s involvement in Singapore’s tokenization project follows its recent report on stablecoins, where it raised concerns about the transparency of major issuers like Tether (USDT). \nTether has responded to Deutsche Bank’s report, saying it “lacks clarity and substantial evidence” and relies on “vague assertions rather than rigorous analysis” in comments shared with Cointelegraph.\nIf you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.\n“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”\nThe post Deutsche Bank Joins Singapore’s Central Bank Project to Explore Asset Tokenization and DeFi appeared first on DeFi Planet.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.5","shortVersion":"4.22.5","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2435175885"}