MAS and Partners Develop DvP Settlement for Tokenized Assets

[kreslik.news]

The Monetary Authority of Singapore (MAS), the Singapore Exchange (SGX) and partners announced on Sunday that they have developed Delivery versus Payment (DvP) capabilities for the settlement of tokenised assets across various blockchain platforms.

DvP is a settlement procedure where securities and money are exchanged simultaneously on the condition that the corresponding payment is made, to ensure that delivery of the security occurs.

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The development of these capabilities will support the simplification of post-trade processes and shorten settlement cycles. The announcement follows on from August, where the MAS and SGX announced ... (read more)