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 toreports.
The system has been developed along with technology partners Anquan, Deloitte and Nasdaq.
Prototypes of the DvP have already shown that settlements can be made in various digital tokens on different blockchain platforms.
An industry report detailing payment settlement using smart contracts has already been published by the MAS and SGX.
The character and policies of the current American presidency, combined with the rise of authoritarian governments worldwide, has members of minority communities around the world—most notably those in the LGBT community—feeling uncertain and fearful about […]
Security token platform Polymath partners with digital securities fundraising platform seriesOne to provide an “end-to-end” solution in security token issuance. SeriesOne says the new product enables issuers to create and to manage security tokens that […]
SPiCE VC, a blockchain technology-powered venture capital startup focused on issuing liquid, regulation-compliant security tokens has announced the listing of its token on the OpenFinance Network, a U.S.-based regulated security token platform and non-U.S. investors […]