MAS’s DLT project posts successful results
Network issues digital Singapore dollars across a DLT network to settle interbank debts
The Monetary Authority of Singapore (MAS) has published the details of its secretive distributed ledger initiative, Project Ubin, citing largely positive results. Credit and liquidity risks, alongside legal oversight, remain a concern, however.
The project, announced in November 2016, uses distributed ledger technology (DLT) to place “a tokenised form of the Singapore dollar” on a ledger integrated into the nation’s real-time gross settlement (RTGS) platform.
“SGD-on-ledger is a specific-use
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