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

    Sign up for the monthly GFTN newsletter