The Central Bank of Singapore joins other organizations in this initiative: the Monetary Authority of Singapore (MAS), Singapore Exchange, Nasdaq, Deloitte and others.
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The companies intend to set up a system of using tokens for settlements on various DLT-platforms, DvP for short– Delivery versus Payment.
This connection of efforts and resources will allow transferring funds and securities, saving buyers and sellers from risks.
MAS keeps working on crypto-friendly environment in Singapore for digital coins.