Singapore Fintech Festival 2018: MAS, SGX successfully use blockchain technology for settlement of tokenised assets

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SINGAPORE (Nov 12): The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX) have succesfully developed Delivery versus Payment (DvP) capabilities for the settlement of tokenised assets across different blockchain platforms.

DvP is a settlement procedure where securities and monies are simultaneously exchanged to ensure the delivery of securities occurs only if the corresponding payment is made. This will help improve operational efficiency and reduce settlement risks.

This collaboration was announced earlier in August, as one of two spin-offs from Project Ubin. It also demonstrated that DvP settlement finality, interledger interoperability and investor protection can be achieved through...(click on link for full story on theedgesingapore.com)