Search Results for "ubin"

MAS Completes Another Project Ubin Blockchain Trial with SGX

The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX) have developed Delivery versus Payment (DvP) capabilities, its built for the settlement of tokenised assets across different blockchain platforms. The hope is that this will help simplify post-trade processes and further

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MAS & ABS: Releases Project Ubin Blockchain Source Code to Encourage Innovation

The industry consortium led by the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) has released the report and source-codes on Project Ubin the distributed ledger prototypes for inter-bank payments. The report : ‘Re-imagining Interbank

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A Review of Singapore’s Top Fintech Developments in 2019

In 2019, Singapore continued to pursue its ambition to become the world’s first Smart Nation with a leading Smart Financial Centre, inking partnerships with international peers, launching nationwide initiatives to further development and adoption of cutting-edge technologies, and introducing new

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5 Key Announcements from Singapore Fintech Festival 2019 (Day 1 )

The 2019 Singapore Fintech Festival (SFF) kicked off on Monday at the Singapore EXPO, marking the first day of the world’s biggest annual fintech gathering. Last year, the week-long event brought together a staggering 45,000 participants from 130 countries. This

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MAS Announces Successful Trial of Blockchain Based Prototype for Multi-Currency Payments

The Monetary Authority of Singapore (MAS) announced that they have led the successful development of a blockchain-based prototype that enables payments to be carried out in different currencies on the same network. In a media statement, they stated that this

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Singapore’s Blockchain Map Proves That It Is a Hotbed for Blockchain Innovation

Singapore has long established itself as the leading fintech hub in South East Asia, of late it also increasingly becoming a hotbed for blockchain innovation. The city-state is home a healthy blockchain ecosystem comprising numerous players tackling areas ranging from

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A Look at South East Asia’s Thriving Fintech Cities

A historically unbanked region, South East Asia’s fintech cities surge in growth have been fueled by the region’s young and digitally-savvy population, high mobile penetration and growing middle class. From small and medium-sized enterprises (SMEs) looking for financing, to young, active

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UnionBank and OCBC Pilots Blockchain Based Remittance from Singapore to the Philippines

UnionBank of the Philippines recently became the first Philippine bank to successfully pilot blockchain-based remittance from Singapore to the Philippines. This was done in partnership with OCBC Bank, Singapore, using the Adhara liquidity management and international payments platform. Amid a

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Prime Minister Lee Hsien Loong: Not All Problems Need a Blockchain Solution

Prime Minister Lee Hsien advised sober assessment of blockchain technology in a Facebook post shared earlier. Ironically on his Facebook post he was also commenting on the Facebook’s controversial cryptocurrency project, Libra. Describing Facebook’s Libra, he said it has “a

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Why Fintech is an Important Ingredient in Any Smart City Ambition

Smart cities. They were a popular term that has since lost a bit of its steam among the general public, and yet, with the dramatic reduction of Internet-of-Things (IoT) prices last decade, the smart city initiative is now a gleam

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