Project Ubin Phase 1: Tokenised SGD
MAS partnering with R3, a DLT company, and a consortium of financial institutions on a proof-of-concept project to conduct inter-bank payments using Blockchain technology. The consortium includes the following financial institutions:
- Bank of America Merrill Lynch
- Credit Suisse
- DBS Bank
- Hongkong and Shanghai Banking Corporation (HSBC) Limited
- JP Morgan
- Mitsubishi UFJ Financial Group
- OCBC
- R3
- Singapore Exchange (SGX)
- United Overseas Bank (UOB)
The consortium also included BCS Information Systems, which acts as the technology provider.
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