The Monetary Authority of Singapore (MAS) has released a whitepaper titled “Interlinking Networks” that focuses on interoperability for digital assets. The whitepaper proposes an Interlinked Network Model (INM) that can facilitate the exchange of digital assets across independent networks. This would allow financial institutions to transact with each other without being on the same network, preventing liquidity fragmentation. The INM covers various aspects such as cross-network messaging, asset transfers, governance, security, scalability, and more. MAS has also launched five pilot projects under its Project Guardian initiative to explore asset tokenization, with major partners including Fidelity, Citi, Ant Group, BNY Mellon, JPMorgan, and Apollo. Additionally, MAS has introduced Global Layer One in collaboration with JPMorgan and BNY Mellon to design an open infrastructure for tokenized assets and applications.

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Information	Details
Geography	Asia
Countries
Sentiment	positive
Relevance Score	1
People	None
Companies	Standard Chartered, Apollo, Ant Group, Swift, BNY Mellon, Franklin Templeton, Fidelity, HSBC, Citi, LayerZero, Chainlink, JPMorgan’s Onyx unit, Ava Labs
Currencies	None
Securities	None