Together with the Monetary Authority of Singapore (MAS), Singapore Exchange Limited (SGX) have announced that they have developed a successful solution to tokenized asset settlement.
The blockchain solution to Delivery versus Payment (DvP) capabilities, meaning that the buyer will be billed only at the moment of the arrival of the securities, was developed together with Nasdaq, a prominent U.S. stock market, Deloitte one of the “big four” accounting firms, and Anquan, a tech company from Singapore.
Singapore is currently one of the countries, which are actively trying to find various innovative blockchain solutions.
WHY IS IT IMPORTANT?
- This new technology could potentially increase the efficiency and safety of tokenized asset transactions.
- Seeing such high-class players in the mix is a very promising sign for popularized blockchain adoption.
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