Axelar (AXL) Partners with Deutsche Bank to Join Project Guardian

On May 15th, Deutsche Bank partnered with Interop Labs (the initial development team of Axelar Network) to join the "Guardian Project" sponsored by the Monetary Authority of Singapore, aimed at developing new standards for blockchain interoperability and asset tokenization.

Interop Labs CEO Sergey said, "Secure blockchain interoperability is a necessary condition for unlocking the trillion-dollar potential of asset tokenization, and Axelar is the key infrastructure adopted by institutions." Previously, Axelar had successfully experimented with using smart contracts to manage customer investment portfolios on Morgan Stanley's digital asset platforms Onyx and Apollo.