Project Orchid - Digital money in action | SFF 2023

Project Orchid - Digital money in action _ SFF 2023

Synopsis:

The Monetary Authority of Singapore launched Project Orchid to explore the technical feasibility and infrastructure required for a digital Singapore Dollar.

This session showcases multiple industry-led digital money pilots and the use of purpose-bound money, covering the singleness of money and embedded policy compliance in digital money. 

Showcases include:
1. Ecommerce – PBM for escrow arrangement
2. Fungibility trial for Digital Singapore Dollar
3. Institutional PBM with payment controls for deposit token transferability
4. Programmable rewards by Singapore Pitstop Industry Pilot

Moderators:

  • Laura Loh, Director, Investment (Blockchain) , Temasek International,
  • Alan Lim, Head, FinTech Infrastructure Office, Monetary Authority of Singapore

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