The government-led Project Guardian will expand to a further pilot phase focusing on the issuance of tokenised multi-currency and equity linked structured notes.

The Monetary Authority of Singapore (MAS) has announced the expansion of Project Guardian to ‘test the potential of asset tokenisation across more financial asset classes’. The regulator unveiled a new pilot phase for the asset and wealth management (AWM) segment of the market, which will focus on the issuance of multi-currency and debt, or equity linked structured notes, under HSBC’s existing issuance programme, which will be tokenised by Marketnode’s multi-asset issuan