Japan's SBI Digital Markets has strengthened its role in the Monetary Authority of Singapore's (MAS) Project Guardian, launching a new pilot project aimed at promoting the adoption of tokenized securities in global markets. The Japanese SBI Group subsidiary, in partnership with Financial Institution Group, is developing a cross-border framework for tokenized assets, linking regulated digital asset exchanges in multiple regions to improve liquidity and reduce costs. Through its fixed income pilot project, SBIDM is creating an international network for tokenized asset-backed securities, covering both initial offerings and secondary trading, the company announced on Monday.