The Investment Association (IA) and the Investment Management Association of Singapore (IMAS) have announced their joint participation in Project Guardian.
Project Guardian, an international initiative led by the Monetary Authority of Singapore (MAS), aims to explore the potential of digital assets and provides a collaborative platform for policymakers and the financial industry.
“We have long advocated for fund modernisation and innovation through our Investment Fund 3.0 agenda, a vision for the tokenisation of a UK funds industry whose full value chain is operated on Distributed Ledger Technology,” said Chris Cummings, CEO of the Investment Association.
“Tokenisation and digital markets are a huge focus areas with significant growth potential for the UK investment management industry.”
“Blockchain and tokenised assets are not constrained by borders, and the Investment Association is delighted to have been invited to join Project Guardian to drive international coordination as we design the future of the global financial system.”
The IA and IMAS are the first domestic trade associations, and the first asset management-specific bodies, to join Project Guardian, marking a significant step forward in driving innovation across the investment management sector.
Carmen Wee, CEO of the Investment Management Association of Singapore, stated that Project Guardian offers an opportunity to streamline industry processes and drive cost efficiencies.
“A trusted and inclusive digital economy must be built on connectivity and cooperation. IMAS is committed to working with our partners to build a resilient and interoperable ecosystem, one where investors and managers better understand the opportunities and risks of tokenized assets,” said Wee.
Together, the associations aim to foster two-way engagement that safeguards investors while promoting commercial viability and responsible innovation.
The Investment Association will be bringing its valuable insights to the Capital Pioneer Digital Assets Summit this October.
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