PANews reported on November 5 that according to Decrypt, SBI Digital Markets (SBIDM), a subsidiary of Japan's SBI Group, launched a new pilot under the "Project Guardian" of the Monetary Authority of Singapore to promote cross-border transactions of tokenized securities. SBIDM plans to launch structured notes backed by luxury wines and work with UBS Asset Management to test tokenized money market funds, using Chainlink's cross-chain protocol to simplify operational processes.
SBI Digital Markets Expands Singapore Tokenization Program with New Pilot
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