What did MAS announce under Project Guardian in November 2025?

On November 13, 2025, MAS advanced Project Guardian with pilots focused on tokenized funds, tokenized deposits, and wholesale CBDC experiments that emphasize cross-border interoperability and regulatory compliance. Participating banks are testing standardized identity, messaging, and settlement across different ledger types. MAS highlighted integration with existing post-trade and treasury systems, signaling a shift from small pilots to production-grade trials. For specifics, refer to the MAS media release and partner details.

How does Euroclear’s tokenized fund workflow impact cross-border distribution?

Euroclear’s November 21, 2025 update expands operational workflows for tokenized fund issuance and settlement with partners such as Goldman Sachs and Société Générale. The approach aims to streamline reconciliation and reduce settlement latency while preserving regulatory oversight. Industry reporting suggests single-digit percentage cost improvements per transaction due to ledger-based synchronization. This model allows tokenized products to scale without replacing core infrastructure, enabling smoother cross-border distribution.

Why is the ClearX telecom deployment a pivotal cross-industry milestone?

ClearX’s December 2, 2025 commercial launch delivers blockchain-based roaming settlement that automates inter-operator usage records, disputes, and payments. By compressing settlement cycles from weeks to days, it demonstrates how shared-state ledgers and automated business logic can tangibly reduce leakage and manual processing. This blueprint is applicable to sectors like freight invoicing, energy balancing, and healthcare claims, proving blockchain’s value outside finance when integrated with established operational systems.

What role do digital product passports and renewable certificates play in ESG reporting?

Digital product passports provide a consistent, verifiable record of provenance and emissions data, helping manufacturers meet regulatory requirements. Tokenized renewable energy certificates add machine-readable attributes that support corporate carbon claims and grid flexibility contributions. November 2025 updates from Circulor and Energy Web show the move toward audit-ready datasets on permissioned ledgers. These tools align ESG reporting with interoperable infrastructure, improving assurance for supply chains and utilities.

What should enterprises prioritize when selecting blockchain platforms?

Enterprises should prioritize interoperability with ERP and network systems, robust compliance tooling including identity and screening, and observability across multi-tenant deployments. Recent developments at MAS, Euroclear, and ClearX favor platforms that integrate with existing messaging and reconciliation layers rather than attempting rip-and-replace strategies. Buyers should demand evidence of production use, regulatory alignment, and support for standardized data schemas to reduce vendor lock-in and enable cross-industry collaboration.

Banks, Telcos, and Utilities Put Blockchain to Work as MAS, Euroclear, ClearX Announce New Deployments

In the past six weeks, tokenization and enterprise DLT moved from pilot to production across finance, telecom, and energy. Singapore’s MAS advanced Project Guardian, Euroclear expanded tokenized fund workflows, and ClearX launched commercial roaming settlement—signaling cross-industry momentum.

Published: December 17, 2025 By Sarah Chen Category: Blockchain

Banks, Telcos, and Utilities Put Blockchain to Work as MAS, Euroclear, ClearX Announce New Deployments

Executive Summary

Singapore’s Monetary Authority of Singapore (MAS) advanced Project Guardian with new asset tokenization pilots across funds, deposits, and wholesale CBDCs announced on November 13, 2025, highlighting production-grade interoperability between institutions (MAS media release).
Euroclear expanded tokenized fund settlement workflows with partners including Goldman Sachs and Société Générale, announced November 21, 2025, indicating operational efficiency gains in cross-border distribution (Euroclear press newsroom).
Telecoms platform ClearX launched a commercial blockchain-based roaming settlement service on December 2, 2025, with Tier-1 operators, bringing automated dispute resolution and faster inter-operator payments (ClearX announcement).
Energy blockchain specialist Energy Web unveiled new utility-scale renewable certificate tokenization enhancements on November 18, 2025, supporting grid flexibility and verifiable decarbonization claims (Energy Web news).
Analysts say tokenization platforms are consolidating, with institutions prioritizing compliance-grade DLT stacks and interoperability; industry sources suggest near-term adoption will be driven by settlement efficiency and regulatory clarity (Reuters institutional tokenisation coverage; Gartner research library).

Finance Leads, but Telecom and Energy Step In

Singapore’s MAS said on November 13, 2025 that it is expanding Project Guardian into new pilots spanning tokenized funds, deposits, and wholesale CBDCs, underscoring cross-border interoperability as banks test settlement across public and permissioned rails (MAS announcement). The pilots include global participants such as JPMorgan, UBS, Deutsche Bank, and regional institutions working to standardize on-chain identity, collateral, and compliance messaging (MAS details).

...

Read the full article at AI BUSINESS 2.0 NEWS