Central banks complete first blockchain currency swap

blockchain

The Monetary Authority of Singapore and the Bank of Canada announced that they completed the first international cross-currency payment with digital currencies between central banks today (May 2).

The central banks successfully connected their experimental national payment networks, both based on different distributed ledger technology (DLT) platforms. The Bank of Canada’s Project Jasper and MAS’s Project Ubin transferred $105 Singapore dollars between a bank in Singapore and in Canada. The

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.