Moody’s Provides Risk Analysis for Project Guardian’s Tokenized Fixed Income Products
Ratings agency Moody’s has announced it will be involved in the Monetary Authority of Singapore (MAS) backed project Guardian by providing risk management services for tokenized fixed income products.
Project Guardian was launched in 2022 to and aims to improve liquidity and efficiency of financial markets through asset tokenization while managing risks to financial stability.
The policymaker group and members supporting Project Guardian includes the UK regulatory body Financial Conduct Authority, the Financial Services Agency in Japan, the International Monetary Fund, the Monetary Authority of Singapore, the Swiss Financial Market Supervisory Authority and the Banque de France.
“Moody’s is entering a new era of brand identity, innovation, and collaboration, and we’re proud to be part of this project at the forefront of asset tokenization,” said Wendy Cheong, managing director and regional head of Asia-Pacific for Moody’s Ratings in a press release.
The ratings agency will provide risk analysis for tokenized fixed income products. This may involve fixed-income securities, fund units, stablecoins, tokenized deposits, and other components of the digital finance ecosystem, said the firm in a press release.
JPMorgan has been actively exploring blockchain technology and tokenization through initiatives.
In 2023, JP Morgan’s Onyx and Apollo collaborated under Project Guardian. The bank worked with the project to deliver a proof-of-concept using permissioned blockchain infrastructure to test how tokenization and smart contracts could work in the asset management sector.
Moody’s said working with Project Guardian reflects the firm’s commitment to transparency, and risk analysis in financial markets.
“We are excited about the potential
Read more on cryptonews.com
