Monographs/Information Papers
Published Date: 31 October 2022

Project Orchid Whitepaper

Project Orchid is a multi-year, multi-phase exploratory project examining the various design and technical aspects pertinent to a retail CBDC system for Singapore, from its functionalities to its interaction with existing payment infrastructures. Though MAS has assessed that there is no urgent need for a retail CBDC in Singapore at this point in time,  MAS seeks to facilitate ongoing learning and advance the financial infrastructure in Singapore