Germany’s Central Bank Joins Global Push for Tokenized Finance

Germany’s central bank, Deutsche Bundesbank, has joined Singapore’s Project Guardian, a global initiative by the Monetary Authority of Singapore (MAS) aimed at modernizing financial markets through asset tokenization.

Project Guardian, launched in 2022, collaborates with financial institutions and global regulators to set industry standards and drive adoption of tokenized assets in capital markets, ultimately aiming to enhance global financial connectivity.

As one of Europe’s leading central banks, the Bundesbank’s participation signals progress toward integrating digital assets into mainstream finance. The bank is actively involved in pilot projects under Project Guardian, focused on building a blockchain platform that can enable efficient, cross-border asset management.

Burkhard Balz, an Executive Board member of the Bundesbank, highlighted how the project aligns with Europe’s exploration of distributed ledger technology (DLT) and blockchain applications in finance.

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Through this collaboration, the Bundesbank joins other global financial institutions like DBS Bank, JPMorgan, and Deutsche Bank, along with regulators from the UK, Japan, France, and Switzerland. Together, they are working to develop standards and governance models for tokenized assets, balancing regulatory security with commercial scalability.

Alexander Stefanov