According to BlockBeats, UK and Singapore officials convened in London this week for the tenth UK-Singapore Financial Dialogue, reaching several agreements in the digital finance sector. They committed to advancing Project Guardian, which aims to test the practical applications of tokenized financial assets. The next phase will involve closer collaboration with industry groups such as the UK Investment Association and the Singapore Investment Management Association.
The discussions also highlighted the Global Layer One initiative, which seeks to establish a shared ledger system to reduce technical and regulatory barriers in cross-border tokenized asset transactions.