Monographs/Information Papers
Published Date: 03 November 2021

Project Ubin Phase 2: Reimagining RTGS

MAS and The Association of Banks in Singapore (ABS) jointly announced 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. This report focus on the experiment done to solve the key challenges identified around the need for transactional privacy, and deterministic finality , and most critically, the ability to perform multilateral netting capabilities in a decentralised manner while preserving transactional privacy