The Monetary Authority of Singapore (MAS) plans to issue a “live” central bank digital currency (CBDC) for wholesale settlement, the central bank announced on Thursday. MAS said that the plan is part of a broader set of initiatives aimed at expanding trials of asset tokenization and setting up the infrastructure for a digital Singapore dollar. MAS’ Orchid Blueprint sets out the technology infrastructure required for digital money transfers in the future, and a new set of four trials involving industry players looks to test various components. MAS’ Orchid Blueprint sets out the technology infrastructure required for digital money transfers in the future.
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