Singapore Exchange and central bank complete interledger blockchain settlement [Ledger Insights]


Just three months ago the Singapore Exchange (SGX) and the Monetary Authority of Singapore (MAS) announced plans for a blockchain settlement system for tokenized assets. This follows the MAS’s significant central bank digital currency (CBDC) tests with Project Ubin. Yesterday both parties revealedthey had developed a solution to enable tokenized digital assets on one ledger (eg. stocks) to be settled with digital money which exists on a separate distributed ledger.

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