Monographs/Information Papers
Published Date: 03 November 2021

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.