The Investment Management Association of Singapore (IMAS) and the UK’s Investment Association (IA) have announced their participation in Project Guardian, an initiative led by the Monetary Authority of Singapore (MAS) aimed at exploring blockchain and asset tokenisation. This collaboration marks the first time domestic trade associations and asset management-specific bodies have joined the project, which seeks to enhance the liquidity and efficiency of financial markets.
Project Guardian is a global initiative that brings together policymakers and the finance industry to establish frameworks and standards for asset tokenisation. The project aims to foster the use of tokenisation across various asset classes, potentially improving financial inclusion by making tokenised assets more accessible. The initiative also includes other regulators, such as the Financial Conduct Authority (FCA) in the UK.
Carmen Wee, CEO of IMAS, expressed enthusiasm for the project, stating, “IMAS is proud to be part of Project Guardian. Tokenisation offers real potential to enhance cross-border access, efficiency whilst reducing costs, making investments accessible.” Chris Cummings, CEO of the IA, highlighted the growth potential for the UK investment management industry, noting, “Blockchain and tokenised assets are not constrained by borders, and the Investment Association is delighted to have been invited to join Project Guardian.”
By participating in Project Guardian, IMAS and IA UK aim to ensure that investor protection, commercial viability, and responsible innovation are central to the development of tokenised markets. This collaboration is expected to drive forward innovative regulatory developments for the benefit of investors globally.
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