Japan's SBI expands Singapore tokenization program with new pilot

SBI Digital Markets in Japan has strengthened its role in the Monetary Authority of Singapore's "Project Guardian" by launching a new pilot project aimed at promoting the application of tokenized securities in global markets. This Japanese subsidiary of the SBI Group is working with financial institutions to develop a cross-border framework for tokenized assets, connecting multiple regulated digital asset exchanges in different regions to improve liquidity and reduce costs. The company announced on Monday that through its fixed income pilot project, SBIDM is creating an international network to support the creation of securities for tokenized assets, covering initial issuance and secondary trading.