31 May '17, 10am

Tokenized Dollars: Singapore's Central Bank Details New Blockchain Trial

Singapore's central bank has published new details of distributed ledger trial that saw it issue digital tokens tied to its national currency. The report, released yesterday, details work conducted by the Monetary Authority of Singapore (MAS) in partnership with a group of domestic banks, along with professional services firm Deloitte and distributed ledger consortium R3. The publication comes months after R3 opened a research center in Singapore, initially launched in November. The MAS report centers around 'Project Ubin' – an effort that, the authors say, seeks to launch "a tokenized form of the Singapore Dollar (SGD) on a [distributed ledger]". According the institution, the first phase of the trial – conducted between mid-November and late December of last year – included elements drawn from the Bank of Canada's Project Jasper (a digital currency initiative that also i...

Full article: http://www.coindesk.com/tokenized-dollars-singapores-cent...

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