• About Us
  • Careers
  • Contact
No Result
View All Result
Tuesday, July 8, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News Latest News

Deutsche Bank Joins Singapore’s Central Bank Project to Explore Asset Tokenization and DeFi

14 May 2024
in Latest News, News
Reading Time: 3 mins read
104 6
Deutsche Bank Joins Singapore's Central Bank Project to Explore Asset Tokenization and DeFi

source: pymnts.com

Deutsche Bank, a German multinational investment bank, has announced its collaboration with Singapore’s central bank to explore asset tokenization opportunities. 

The bank has joined the Monetary Authority of Singapore’s (MAS) Project Guardian initiative, which focuses on tokenizing assets in wholesale funding markets and DeFi applications. The project is a multi-year project involving global policymakers (including the United Kingdom’s FCA, Switzerland’s FINMA and Japan’s FSA) and financial services industry representatives.

The bank joins as a component of its asset and wealth management efforts and will experiment with an open architecture and interoperable blockchain platform to facilitate the management of tokenized and digital funds. After completing this, it would propose protocol standards and identify best practices to enhance industry advancement.

“Contributing to Project Guardian will bolster our efforts to help shape the new frontier of asset servicing, and strongly position us to contribute to industry progress, and not only anticipate our clients’ needs but exceed their expectations,”

the bank noted in its statement confirming the move. 

 

Boon-Hiong Chan, Deutsche Bank’s Asia Pacific head of securities and technology, will lead the bank’s efforts for Project Guardian. The bank will work closely with Memento Blockchain, a platform targeting DeFi and digital asset management, to develop DAMA 2, a digital asset management platform. 

Deutsche Bank previously collaborated with Memento Blockchain in 2022 and 2023 on Project DAMA, successfully completing a proof-of-concept for digital asset management access. The new initiative aims to unlock the potential for a more efficient, secure, and flexible solution for digital fund management and investment servicing.

Meanwhile, Deutsche Bank’s involvement in Singapore’s tokenization project follows its recent report on stablecoins, where it raised concerns about the transparency of major issuers like Tether (USDT). 

Tether has responded to Deutsche Bank’s report, saying it “lacks clarity and substantial evidence” and relies on “vague assertions rather than rigorous analysis” in comments shared with Cointelegraph.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Tags: Deutsche BankMASSingapore
Share64Tweet40Share11
Jewel Buddy

Jewel Buddy

Buddy Jewel is a finance writer specializing in cryptocurrency news. With a keen eye on the latest developments in the digital asset space, I provides insightful and timely updates on the ever-evolving world of crypto.

Related Posts

source: fxleaders.com
Ethereum

Ethereum Eyes New Transaction Limit to Boost Network Stability and Security

7 July 2025
source: thearabianpost.com
Bitcoin

Metaplanet Boosts Bitcoin Holdings to 15,555 BTC, Now Worth $1.7 Billion

7 July 2025
source: pymnts.com
Crypto

Ukraine Targets Russia’s Crypto Channels in New Sanctions to Undermine War Financing

7 July 2025
source: bristolcreativeindustries.com
Bitcoin

Smarter Web Company Expands Bitcoin Treasury to 1,000 BTC

7 July 2025

Featured Posts

Is Code Law? The Legal and Moral Implications of Smart Contracts

Is Code Law? The Legal and Moral Implications of Smart Contracts

byFaari Labinjo
24 June 2025
0

Multi-Party Computation (MPC) vs. Zero-Knowledge Proofs (ZKPs): Which is the Future of Blockchain Privacy?

Multi-Party Computation (MPC) vs. Zero-Knowledge Proofs (ZKPs): Which is the Future of Blockchain Privacy?

byFaari Labinjo
7 June 2025
0

Address Poisoning Attacks in Crypto: What They Are and How to Stay Safe

Address Poisoning Attacks in Crypto: What They Are and How to Stay Safe

byOlayinka Sodiq
3 June 2025
0

What Is a Bull Trap?

What Is a Bull Trap?

byOlajumoke Oyaleke
3 June 2025
0

Breaking Bitcoin’s 21M Limit: Is It Even Possible?

Breaking Bitcoin’s 21M Limit: Is It Even Possible?

byOlayinka Sodiq
3 June 2025
0

Read More

Chain of Thoughts

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

DAOs and the Coordination of Human Endeavour

DAOs and The Coordination of Human Endeavour

byOlu Omoyele
27 April 2025
0

...

Should DeFi Be Regulated?

Should DeFi Be Regulated?

byOlu Omoyele
27 March 2025
0

...

Markets Update

BRICS Digital Currencies & Their Threat to USD-Denominated Stablecoins

3 days ago

The U.S. Crypto Regulatory Pivot: How the FIT21 Bill & ETF Greenlights Are Reshaping Global Policy

3 days ago

VC Funding in Web3: Where the Money Is Going Post-2024 Bear Cycle

3 days ago

Could Solana Surpass Ethereum?: Scaramucci Makes Bold Prediction

4 days ago

Your Weekend Crypto Roundup | July 2025 (Week 1)

4 days ago

How Pi Network’s Ecosystem Growth and Pi2Day Updates Could Spark a Price Surge in 2025

1 week ago
Read More

Events

  • No events
  • Spotlight

    All about Ethereum
    All about Algorand
    All about Bitcoin
    All about Gora

    Press Releases

    GUNZ Announces $GUN Token Expansion to Solana

    bychainwire
    7 July 2025
    0

    NEXST Launches Web3 VR Entertainment Platform with K-Pop Group UNIS as First Global Partner

    bychainwire
    7 July 2025
    0

    The Open Platform is first unicorn in Web3 ecosystem in Telegram at $1bn valuation

    bychainwire
    3 July 2025
    0

    Cooking.City Bringing Back Value Redistribution to Solana Fair Launches

    bychainwire
    3 July 2025
    0

    Oasis Protocol Foundation Launches ROFL Mainnet: Verifiable OffChain Compute Framework Powering AI Applications

    bychainwire
    2 July 2025
    0

    Read More

    ADVERTISING

    ABOUT

    TEAM

    CAREERS

    CONTACT

    TERMS & CONDITIONS

    PRIVACY POLICY

    © Copyright 2025 DeFi Planet

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

    Add New Playlist

    No Result
    View All Result
    • News
      • People
      • Business
      • Crime
      • Regulation
      • Crypto
      • CBDC
    • Markets
      • Bitcoin
      • Ethereum
      • Stablecoins
      • Altcoins
      • Crypto ETFs
      • Memecoins
    • Policy
    • Articles
      • Press Releases
      • Opinion
      • Explainers
      • Guest Post
      • Sponsored
    • Directory
      • Companies
      • People
      • Products
      • Wallets
    • Multimedia
      • Videos
      • Podcasts
    • Learn
      • DeFi Basics
      • Tutorials
      • Reviews
      • Blockchain Fundamentals
    • Research
      • Case Studies
    • Explore
      • DeFi
      • Crypto Gaming
      • NFT
      • DAO
      • Metaverses
    • Jobs
    • Markets Pro
      • DeFi Planet Pro
      • Spend Crypto
      • Swap Crypto
      • Coin Prices
      • Crypto Exchanges
      • Crypto Analyzer

    © Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

    -
    00:00
    00:00

    Queue

    Update Required Flash plugin
    -
    00:00
    00:00