Tag: Project Ubin

Singapore’s DLT-Based Project Ubin Enters Its Third Testing Phase

Multiple governments are showing an interest in tokenizing their national currencies. We have seen discussions like these take place in Singapore, the US, the UK, and a few other countries as well. Most recently, the Singaporean government has been experimenting with a tokenized SGD. This project is known as Project Ubin, and it seems the trial is currently in its third phase. It’s a positive turn of events, although it remains to be …
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Singapore Announces Second Stage of Bank-Supported DLT Venture

Blockchain technology has always been thought to be capable of making a big impact in the financial sector. There’s still a lot of work to be done in that regard, but the Monetary Authority of Singapore is on the right track. Its Project Ubin has gotten a lot of attention in the country already. With three different blockchain-based payment prototypes in development right now, the future looks rather bright for this particular venture. MAS …
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