Tag "Project Orchid"

Ravi Menon Lays Out Singapore’s Crypto Hub Ambitions at SFF 2022

Singapore wants to be a crypto hub, but only if it means being a hub for sound and well-regulated tokenised and digital assets with value-adding use cases, according to the Monetary Authority of Singapore (MAS). This means discouraging retail investment

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Grab Participates in StraitsX’s Pilot Use of Tokenised Digital Vouchers at SFF 2022

Fazz financial group’s StraitsX and Grab are testing the issuance of Purpose Bound Money (PBM) with 5,000 trial participants during Singapore Fintech Festival (SFF) as one of four trials under MAS’ Project Orchid. Participants will be able to utilise PBM

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MAS Initiates Digital Singapore Dollar Trials

The Monetary Authority of Singapore (MAS) has published a report detailing potential uses of a purpose-bound digital Singapore dollar (SGD) and the supporting infrastructure required. The report also marked the successful completion of Phase 1 of Project Orchid which explored

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