The Monetary Authority of Singapore (MAS) today released the Guardian Fixed Income Framework (GFIF), which identifies the CMTAT smart contract framework as a suitable standard for tokenisation by financial institutions internationally.

The GFIF makes the case for the establishment and acceptance of industry standards and recognises CMTA's Token Standards, along with ICMA's BDT and GFMA's Design Principles for Tokenised Securities as a foundation for further adoption of asset tokenization globally.

Some highlights:

· Smart contract design: GFIF suggests a modular contract design approach, like CMTAT's methodology

· Standardized Principles: GFIF proposes 10 technology and jurisdiction agnostic smart contract principles, which reflect our forthcoming debt digitalization standard

· Implementation Guide: describes how the CMTAT smart contract framework can integrate the BDT to enhance interoperability

· Practical Implementation Examples: showcases how CMTAT was used in UBS' Project Trident to ensure good smart contract governance and interoperability across 3 jurisdictions

The GFIF is a joint report developed by the Guardian Fixed Income Industry Group and led by the Global Financial Markets Association (GFMA),ICMA – International Capital Market Association and UBS AG.

Download the report: https://www.mas.gov.sg/-/media/mas-media-library/development/fintech/guardian/guardian-fixed-income-framework.pdf

Read the full press release from MAS here: MAS Announces Plans to Support Commercialisation of Asset Tokenisation