MAS unveils new DLT plans for securities and cross-border payments

monetary-authority-of-singapore

Initial success with a distributed ledger technology (DLT) experiment has prompted the Monetary Authority of Singapore (MAS) to launch two ‘spin-off’ projects.

The authority began its initial proof-of-concept study on uses of DLT for domestic interbank payments in November, partnering with DLT firm R3 and a consortium of major financial institutions, including HSBC, JP Morgan and the Singapore Exchange (SGX).

MAS said today (March 9) the project had achieved its objectives, creating a “digital

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