According to Odaily, Deutsche Bank has announced its participation in Singapore's Monetary Authority's asset tokenization project, Project Guardian. The project is primarily focused on the wholesale financing market and the tokenization of assets within decentralized finance (DeFi) applications.
As part of the collaboration, Deutsche Bank will test an open architecture and interoperable blockchain platform to provide services for tokenization and digital funds. The bank will also propose protocol standards. This move signifies Deutsche Bank's commitment to exploring and integrating blockchain technology and digital assets into its operations.
