The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX) will work together with Nasdaq, professional services firm Deloitte, and Anquan, to develop Delivery versus Payment (DvP) capabilities for the settlement of tokenized assets in various blockchain platforms, MAS announced on Friday. The parties involved said that the new feature would allow financial institutions and investors to conduct the simultaneous exchange and settlement of tokenized digital currencies and securities assets, thus increasing efficiency and reducing risks.
The move is part of the MAS-backed extensive project called Project Ubi...
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