Credit rating giant Moody's is partnering with the Monetary Authority of Singapore’s Project Guardian, a public-private tokenization collaborative initiative to enhance market efficiency, the company announced on Wednesday.

The company plans to provide risk analysis for Project Guardian, which started in 2022. Specifically, Moody’s will be looking at fixed-income products — including stablecoins, tokenized deposits, fractionalized funds and other digital asset securities.

“At its core, tokenization merges digitalization with physical assets to redefine traditional asset ownership and transactional frameworks. With sophisticated technological frameworks and streamlined or interoperable infrastructures, tokenization has the potential to catalyze significant growth,” Moody’s Head of …