July 18, 2024

New York, United States

Moody’s Corporation today announced its involvement in the fixed income workstream of the Monetary Authority of Singapore’s (MAS) Project Guardian, a collaborative initiative between the public and private sectors launched in 2022 to enhance liquidity and efficiency of financial markets through asset tokenization while managing risks to financial stability and integrity.

“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. “Our participation in Project Guardian reflects our commitment to innovation, transparency, and risk analysis in financial markets.”

Under Project Guardian’s fixed income workstream, Moody’s plans to 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. Moody’s independent risk assessment is intended to enhance market transparency, reduce systemic risks, and facilitate the growth of the tokenization industry.

“Project Guardian is a testament to the power of transparency in the financial industry and as we join other leaders in this initiative, we are excited about the potential of tokenization to transform the financial landscape,” said Fabian Astic, Managing Director and Global Head, Digital Economy, Moody’s Ratings. “At Moody’s, we are committed to paving the way for these advancements and contributing to a more efficient and transparent market.”