Monetary Authority of Singapore - Digital Pound Foundation

MAS Launches Expanded Initiative to Advance Cross-Border Connectivity in Wholesale CBDCs

Source: Monetary Authority of Singapore (MAS) The Monetary Authority of Singapore (MAS) today launched Ubin+, an expanded collaboration with international partners on cross-border foreign exchange (FX) settlement using wholesale central bank digital currency (CBDC). Ubin+ will focus on the following: As part of Ubin+, the following projects will be undertaken with international partners:

Project Dunbar: BIS Innovation Hub and central banks of Australia, Malaysia, Singapore and South Africa develop experimental multi-CBDC platform for international settlements

Global CBDC Challenge 2021 Report

MAS Announces Winners of the Global CBDC Challenge

Ravi Menon: Foundational infrastructures for an inclusive digital economy

Multi-CBDCs: Designing a digital currency stack for governability

Project Ubin: Central Bank Digital Money using Distributed Ledger Technology

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Whilst most CBDC experiments have involved private sector technology providers, the overwhelming majority of these experiments, to date, have not involved participation from other private sector actors. The Digital Pound Foundation is unique in proposing a model whereby the public and private sectors can fully engage in the design, development and adoption of a digital Pound, thus contributing to its successful roll-out and helping drive forward the UK’s transition to a digital economy.

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