S&P Global Ratings has partnered with Singapore's Project Guardian to explore asset tokenization on public blockchains.

The aim is to enhance liquidity and efficiency in financial markets.

The collaboration involves 18 financial institutions and regulators.

The focus is on developing frameworks for digital assets in the fixed income sector.

Major players like Citi, DBS, JP Morgan, and UBS are conducting trials in fixed income.

Moody's and S&P are providing ratings for digital bonds.

JPMorgan's successful cross-border transaction using tokenized currencies on the Polygon blockchain showcases Project Guardian's progress.

The initiative offers S&P an opportunity to establish itself in the growing field of tokenization in finance.

S&P aims to contribute to risk mitigation in digital financial markets.

For more information on Project Guardian, visit MAS's website.