7/13, 11:30 AM (Source: TeleTrader)
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Singapore's blockchain 'Project Ubin' completes final stage

The Monetary Authority of Singapore (MAS) and Singaporean holding company Temasek, owned by the Singapore government, announced on Monday that blockchain-based multi-currency payments network named Project Ubin has been completed.

Chief Fintech Officer at MAS, Sopnendu Mohanty, confirmed Singapore looks "forward to greater adoption and live deployment of blockchain technology."

One of the partners on the project, JPMorgan, stated the company took advantage of their learning in building Quorum, IIN, and JPM Coin to the creation of this project.

Breaking the News / TF