Bank of Ghana and Singapore MAS launch DESFT pilot project transaction
2024-05-17 22:15:11
The Bank of Ghana (BOG) and the Monetary Authority of Singapore (MAS) have completed a proof-of-concept for the Digital Economy Semi-Homogeneous Token (DESFT) project. The project aims to encourage trade between micro, small and medium-sized enterprises (MSMEs) in both countries. Within the project, real-time transactions have taken place between the two parties. To do so, they utilised the Universal Trusted Credential Semi-Homogeneous Token Protocol developed by the United Nations Development Programme, which claims to be the developer of DESFT, according to Singapore-based Ample FinTech. The token contains verified licenses, certificates and transaction records.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
加纳银行和新加坡MAS开展DESFT试点项目交易Next article：
Alex Labs在遭受攻击后成功冻结了黑客发送至CEX的390万美元资产
