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Global banks test DeFi protocols for FX and Government bond transactions

DBS Bank, JPMorgan and SBI Digital Asset Holdings have completed the first pilot transactions on Project Guardian, a Monetary Authority of Singapore-inspired initiative that explores potential decentralised finance (DeFi) applications in wholesale funding markets.
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Singapore moves to digitalise bankers' guarantees and insurance bonds

The Ministry of Finance (MOF) and the Monetary Authority of Singapore (MAS) today launched eGuarantee@Gov, a simple and secure digital process for businesses and individuals to provide a banker’s guarantee or insurance bond (collectively, “guarantee”) to government agencies within a day.
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UnionBank goes live on Metaco Harmonize to launch cryptocurrency services

METACO, the leading provider of digital asset management technology to complex, global financial institutions, today announces that Union Bank of the Philippines (UnionBank), one of the largest universal banks in the Philippines, has gone live on METACO’s flagship platform, Harmonize, to pilot the launch of crypto services for its clients.
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