As a taste… – It’s my first time! They mark us forever and leave us dreaming, speechless before the field of possibilities that opens up to us. A bit like how we feel today when we discover this new information: The Monetary Authority of Singapore (MAS) led the first industrial pioneer of digital assets and decentralized finance. All of this is under the supervision of major international banks They are increasingly interested in symbols.
Organizations struggle with asset coding
Cryptocurrencies still repel the vast majority of the population, whether they are educated in the economic system or not. Bankers (central or not) curb the four ironsThe ever-increasing adoption of Bitcoin and Ethereum. Indeed, the attractiveness of returns and the speed of transactions are all points that undermine the current system that it is forced to adapt to. And take the positive where it is.
Although crypto assets have many risks and limitations, they stand out The issue of coding our exchanges. A question that the Monetary Authority of Singapore is trying to answer. The best way is to put your hands directly into the grease.
Therefore MAS implemented, for the first time in the world, a simulation Exchange government bonds for cash pools that include Singapore government bonds, Japanese government bonds, Japanese yen, and Singapore dollars “.
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This is the story of JPMorgan, Aave and the Monetary Authority of Singapore
Not a bad start to a joke, is it? Except this time, it’s not like that. The local cash policeman just revealed this exchange of a new nature in His website. Singapore is currently exploring the potential of DeFi and has commissioned JPMorgan, Deutsche Bank, as well as SBI Digital to carry out its transactions. These operations are carried out within the framework of the “Project” guardian”?
And on which blockchain will you tell me? Because there is one thing that does not appear in this official memo: the infrastructure used for these transfers. So we will advocate goodwill by oblivion on the part of MAS, when citing DeFi protocols ribbed And the avi Which allowed this exchange to run like clockwork. Which is good news for the ecosystem as a whole.
” A “live” multi-currency transaction involving token deposits in JPY and SGD has been successfully completed. In addition, a simulation exercise involving the purchase and sale of token government bonds was conducted.”
If there is currently a small chance that our beloved crypto will be adopted as it is by all companies and countries, it is a safe bet that they will. Develop our usesOur current ways of communicating, consuming, and checking online. A wide field of possibilities, which one would hardly dare to dream of, after this first time unhindered unhindered.
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