Credit rating giant Moody's announced on Wednesday that it is partnering with the Monetary Authority of Singapore's Project Guardian, a public-private tokenization partnership aimed at improving market efficiency.
The company plans to provide risk analysis for Project Guardian, which launches in 2022. Specifically, Moody's will focus on fixed income products - including stablecoins, tokenized deposits, fractional funds and other digital asset securities.
Rajeev Bamra, head of digital economy strategy at Moody's, says that essentially, tokenisation combines digitalisation with physical assets, redefining traditional asset ownership and trading frameworks. With complex technical frameworks and streamlined or interoperable infrastructure, tokenisation has the potential to facilitate significant growth.
Moody's was invited to analyze the risks of Project Guardian's tokenization
2024-07-18 00:21:36
Credit ratings giant Moody's week announced the company singapore financedesk3cryptocurrencydesktopCrypto News
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