The Block Crypto News11 minutes ago

Published on May 14, 2024 18:46 GMT+00:00edited on May 14, 2024 18:49 GMT+00:00

Deutsche Bank has joined forces with the Monetary Authority of Singapore’s Project Guardian to help test asset tokenization implementation. 

The German financial giant will be part of the asset and wealth management workstream, exploring an interoperable blockchain platform that provides services to tokenized and digital funds, according to a Tuesday release. The firm will then suggest protocol standards and best practices. 

Deutsche Bank's lead for Project Guardian is Boon-Hiong Chan, the firm's Asia Pacific head of securities and technology advocacy. Chan will work with the web3 firm Memento Blockchain and Interop Labs, developer of the web3 interoperability protocol Axelar Network. 

"Contributing to Project Guardian will bolster our efforts to help shape the new …