ANZ Bank joins the Project Guardian program led by the Monetary Authority of Singapore

On September 30th, according to The Block, the Australian and New Zealand Banking Group (ANZ) announced on September 30th, 2024, that it has officially joined the Project Guardian program led by the Monetary Authority of Singapore (MAS). The plan aims to explore the wider application of tokenization of physical assets in the financial market. It is reported that ANZ will collaborate with Chainlink Labs and ADDX to focus on researching the interoperability between private blockchains to enable the exchange of physical asset tokens such as commercial paper. Mark Evans, the head of ANZ Singapore branch, stated that the bank is committed to accelerating the development of a stable and secure digital asset ecosystem to meet the future needs of customers in the region. Project Guardian started in 2022 and is a public-private partnership tokenization experimental program aimed at testing the tokenization application of physical assets. Participating entities include the Financial Conduct Authority (FCA) in the UK, the Financial Market Authority (FINMA) in Switzerland, and the Financial Services Agency (FSA) in Japan, as well as financial institutions such as Deutsche Bank, Citibank, and Apollo Global Management. The project is exploring tokenization applications in the fields of fixed income, wealth management, and foreign exchange.