Project Guardian

Research

Singapore

Central Bank(s)

Monetary Authority of Singapore

Announcement Year

2024

Status

Research

Retail/Wholesale

Wholesale

DLT / non-DLT

DLT

Main motivation/goals of the CBDC

Project Guardian, launched in 2022, convened over 40 financial institutions, industry associations and international policymakers across seven jurisdictions to carry out industry trials on the use of asset tokenization in capital markets. More than 15 industry trials were conducted in six currencies across multiple financial products.

Link to whitepaper

www.mas.gov.sg

Timeline

Last update: November 2025

November 2025

Updated data

Link to whitepaper: www.mas.gov.sg

November 2024

Status updated

None Research

Added data

Announcement Year: 2024

Retail/Wholesale: Wholesale

DLT / non-DLT: DLT

Main motivation/goals of the CBDC: Project Guardian, launched in 2022, convened over 40 financial institutions, industry associations and international policymakers across seven jurisdictions to carry out industry trials on the use of asset tokenization in capital markets. More than 15 industry trials were conducted in six currencies across multiple financial products.

Link to whitepaper: www.mas.gov.sg

Country / Region: Singapore

Central Bank(s): Monetary Authority of Singapore

News

No recent news found for this currency.