Singapore Gov’t Develops Blockchain Based Security Token System29.37

An automated Delivery versus Payment (DvP) platform has been jointly developed by the Monetary Authority of Singapore (MAS) and the Singapore Exchange (SGX). Its purpose is to allow the settlement of tokenized securities across various blockchain platforms.

In a joint release over the weekend the MAS and SGX stated “This will help simplify post-trade processes and further shorten settlement cycles,” The DvP system operates with payment and product changing hands simultaneously ensuring that securities are delivered only when payment is made according to reports.

Original source
https://www.newsbtc.com/2018/11/12/singapore-develops-blockchain-based-security-token-settlement-system/

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