The Monetary Authority of Singapore’s Project Guardian has announced the successful completion of several digital assets frameworks. Working in conjunction with 11 financial institutions, Project Guardian tested structures across wealth management, fixed incoming, foreign exchange and trade finance. The development could have significant impact in the paper-dependent world of trade finance.
Standard Chartered, in conjunction with Linklogis and Singapore Exchange Group, developed a token offering to support trade financing. The bank repackaged $500m of import and export financing into two classes of digital tokens, which were issued natively on Ethereum. These tranches were divided by risk appetite.
