The project demonstrated that DvP settlement finality, interledger interoperability and investor protection can be achieved through specific solutions designed and built on blockchain technology.įollowing its conclusion, MAS and SGX have jointly published an industry report, Delivery versus Payment on DLT (5.85 MB), which provides a comprehensive view of automating DvP settlement processes with Smart Contracts. The successful conclusion of the DvP project was announced on 11 November 2018. They will leverage the open-source software developed and made publicly available in Project Ubin Phase 2. Three companies, Anquan, Deloitte and Nasdaq were appointed as technology partners for this project. This will allow financial institutions and corporate investors to carry out simultaneous exchange and final settlement of tokenised digital currencies and securities assets, improving operational efficiency and reducing settlement risks. MAS and Singapore Exchange (SGX) announced on 24 August 2018 that it is collaborating to develop Delivery versus Payment (DvP) capabilities for settlement of tokenised assets across different blockchain platforms. Central banks, financial institutions, as well as academic and research institutions are encouraged to tap on the open source-codes to facilitate their experiments, research and innovation. MAS and ABS announced on 14 November 2017 that the report, Project Ubin Phase 2 Report: Re-imagining RTGS (3.57 MB), had been published and the source-codes and technical documentations have been released for public access under Apache Licence, Version 2.0. Support on the Hyperledger Fabric DLT platformĭeployment of prototypes on Azure Blockchain The consortium also includes the following five technology partners, and their scope of appointment. The consortium includes the following financial institutions: MAS and The Association of Banks in Singapore (ABS) announced on 5 October 2017 that the consortium which they are leading had successfully developed software prototype of three different models for decentralised inter-bank payment and settlements with liquidity savings mechanisms.
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