Menon mentioned how Project Guardian, led by MAS and industry partners, is tokenizing foreign exchange, bonds, and funds to enhance global liquidity, streamline cross-border transactions, and improve operational efficiency in financial markets, with trials by major global banks.

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• Source: https://www.coindesk.com/markets/2023/11/16/cryptocurrencies-have-failed-the-test-of-digital-money-mas-managing-director-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines