Currency A Singapore's central bank monetary authority of Singapore (MAS) in collaboration with major Banks and financial services company, explore the asset tag and decentralized financial (defi) purposes. MAS in the Project under the Guardian and financial cooperation. Feasibility of the project is designed to check the asset tag application, and explore the management risk and the establishment of financial stability of the economic potential. MAS on May 31, announced a partnership on its web site. Singapore's deputy prime minister and minister of economic policy as a whole the heng swee keat in Asian technology x summit in Singapore on Tuesday announced the launch of the Project the Guardian.In the scheme, the first pilot by DBS industry co., LTD., jpmorgan chase and Marketnode lead, they will work together to explore potential application DeFi wholesale funding markets. The pilot would lead to develop a token of the flow of the bonds and deposits with permission of the pool. It will further promote intelligent by executing contracts on the network based on the public block chain to guarantee loans.
The announcement will mark interpreted as intelligent contracts on the block chain digitally assets or valuable items in the process. This makes the high value of financial assets and the real economy can be on the basis of the point-to-point segmentation and exchange through Internet. It may be possible to improve the efficiency of financial services, accessibility, and affordability, increase liquidity in the financial markets, and enhance economic inclusive.
