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Singapore names partners for blockchain scheme

The Monetary Authority of Singapore, along with several partners, will embark on an initiative to examine settlement systems for digital assets. Nasdaq, Deloitte and Anquan, a Chinese technology firm, will act as technology partners in the collaboration, which aims to develop delivery-versus-payment capabilities for tokenised assets, which are assets whose rights have been written on to a blockchain. If successful, the project will show how investors can carry out simultaneous exchange and final settlement of tokenised assets, demonstrating an efficient and low-risk digital market. “This initiative will deploy blockchain technology to efficiently link up funds transfer and securities transfer, eliminating both buyers’ and sellers’ risk in the delivery-versus-payment process,” said Tinku Gupta, head of technology at the Singapore Exchange, which is also participating in the scheme. The partnership is the latest phase of Project Ubin, an initiative led by the Monetary Authority of Singapore to explore the potential of blockchain technology. The project includes the proposal to create a tokenised form of the Singaporean dollar. The partners will produce a report on their research by November. ©2018 funds global asia

Executive Interviews

INTERVIEW: Operational challenges

Jun 09, 2018

Caroline Higgins of Northern Trust tells George Mitton about A-share inclusion, ETF Connect and why Cayman funds predominate in the region.

INTERVIEW: Making a name

Apr 18, 2018

Formed by a merger in 2012, Old Mutual Global Investors was little-known in Asia. Carol Wong, managing director for Asia-Pacific, is changing that. She talks to George Mitton.

Roundtables

HONG KONG ROUNDTABLE: a long-term project

Jun 09, 2018

Our panel discussed robo-advisers, ETF Connect, and why the mutual recognition of funds (MRF) scheme will take time to develop. Chaired by George Mitton in Hong Kong.

SINGAPORE ROUNDTABLE: Small nation, big ambitions

Apr 18, 2018

Our cross-industry panel discussed fund passporting, robo-advisers and the potential of a new investment structure, the S-Vacc. Chaired by George Mitton in Singapore.