Global Trade Connectivity Network (GTCN)

The GTCN is a strategic joint innovation project by MAS and the Hong Kong Monetary Authority (HKMA). It is a cross-border infrastructure based on Distributed Ledger Technology (DLT) and seeks to digitalise trade and trade finance between the two cities for a start. Over time, the aim is to expand the network to the region and the globe.

"The GTCN is going to remove the inefficiency and risks of fraud inherent in the existing paper-based system in trade finance.

Once implemented, the interface, likely to be the first of this kind in the world, has been designed with an open architecture that would allow Hong Kong's other trading partners to plug into it in future."

Key Benefits of GTCN

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For more information, contact MAS at fintech_office@mas.gov.sg