Central Banking

MAS’s DLT project posts successful results


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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