TagProject Ubin

Singapore, Canadian Central Banks Unite on Blockchain Cross-Border Payments

S
Singapore cryptocurrency ICO

Singapore’s central bank has announced a slew of initiatives during the ongoing FinTech Festival, including a notable partnership with the Bank of Canada on cross-border payments using blockchain. On the second day of the week-long Singapore FinTech Festival today, Ravi Menon, director of the Monetary Authority of Singapore (MAS), Singapore’s central bank and financial regulator, spoke at length...

Singapore’s Central Bank Hires Accenture for Blockchain Interbank Payments Prototype

S

Professional services and consultancy giant Accenture has been appointed by Singapore’s central bank to develop a prototype blockchain solution for interbank payments. Earlier this month, the Monetary Authority of Singapore (MAS) – the country’s defacto central bank and financial regulator – revealed the successful development of three different blockchain models for decentralized inter-bank...

Singapore Central Bank Reveals Blockchain Breakthrough in Interbank Payments

S
blockchain

A consortium led by Singapore’s central bank has successfully developed three new blockchain prototypes for interbank payments and settlements. In an announcement, the Monetary Authority of Singapore (MAS) – the country’s defacto central bank and financial regulator – revealed details of its ongoing blockchain initiative dubbed “Project Ubin.” The central bank and the Association of Banks in...

Singapore Trials its Digital Dollar via an Ethereum Blockchain

S
Singapore Bitcoin Exchange

Singapore’s central bank has published a post-trail analysis of its blockchain endeavor that saw digital tokens of the national currency issued on a private Ethereum blockchain. A newly published report by the Monetary Authority of Singapore (MAS), reveals details of ‘Project Ubin’ its blockchain effort “which places a tokenized form of the Singapore Dollar (SGD) on a distributed ledger” platform...