Free Newsletter Get the hottest Fintech Singapore News once a month in your InboxThe Monetary Authority of Singapore (MAS) announced the launch of Project Guardian, a collaborative initiative that seeks to explore the economic potential and value-adding use cases of asset tokenisation. Project Guardian will test the feasibility of applications in asset tokenisation and DeFi while managing risks to financial stability and integrity. MAS said that it aims to develop and pilot use cases in four main areas. The first industry pilot under Project Guardian will explore potential DeFi applications in wholesale funding markets. Aside from Project Guardian, MAS added that it is open to responsible digital asset innovation initiatives from the industry.