Project Guardian
JPMorgan Kinexys (Onyx): Tokenized Payments and Collateral at Scale
JPMorgan's Kinexys platform (formerly Onyx) processes $2B+ daily in tokenized payments and operates the Tokenized Collateral Network used by BlackRock and Barclays.
MAS Singapore: Digital Payment Token Regulation and Project Guardian
MAS licenses Digital Payment Token services under the PSA, has issued 60+ DPT licenses, launched the multi-bank Project Guardian tokenization pilots, and enacted a stablecoin framework in August 2023.
Singapore Tokenization Regulation: MAS, PSA, and Project Guardian
Singapore MAS tokenization framework — Payment Services Act licensing (S$250K–500K capital), Securities Futures Act for security tokens, Project Guardian pilots, stablecoin framework, and FATF Travel Rule.
Singapore vs Hong Kong: The Fight for Asia's Tokenization Capital
Singapore MAS Project Guardian versus Hong Kong SFC VATP and Project Ensemble: which jurisdiction is winning the competition for Asia's institutional tokenization centre, and what it means for compliance strategy.