Japan’s SBI Digital Markets has strengthened its role in the Monetary Authority of Singapore’s (MAS) Project Guardian, unveiling new pilots aimed at advancing the use of tokenized securities in global markets. 

In collaboration with leading financial institutions, the SBI Group subsidiary is developing a cross-border framework for tokenized assets, connecting regulated digital asset exchanges across multiple regions to boost liquidity and lower costs.

Through its Fixed Income pilot, SBIDM is creating an international network for tokenized asset-backed securities, covering both initial issuance and secondary trading, the company announced Monday. 

SBIDM plans to release its first structured note, supported by luxury wine assets, in the coming months, followed by products tied to intellectual property and commodities. 

Those securities will be available in both traditional and digital forms to attract a broad spectrum of investors, employing a blockchain-agnostic infrastructure designed to support global transactions, it said.

Meanwhile, the Asset and Wealth Management pilot with UBS Asset Management is evaluating a UBS tokenized money market fund.

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Author: Sebastian Sinclair