The Monetary Authority of Singapore (MAS) and Singapore
the settlement of
. This will help
simplify post-trade processes and further shorten settlement cycles.
2 The DvP prototypes, developed with technology partners Anquan, Deloitte and
the simultaneous exchange and final settlement of
assets on different blockchain platforms. The ability to perform these activities
simultaneously improves operational efficiency and reduces settlement risks.
3 The collaboration also demonstrated that DvP settlement finality,
and built on blockchain technology. Following its conclusion, MAS and SGX have jointly
published an industry report, which provides a comprehensive view of automating DvP
settlement processes with Smart Contracts3
. The report also identifies key technology and
operational considerations to ensure resilient
that governs post-trade settlement processes such as arbitration.
demonstrated the value of blockchain technology and the benefits it can bring to the financial
industry in the short to medium term. The concept of asset