MAS launched Project Orchid in 2021 to explore the technical feasibility and infrastructure required for a digital Singapore Dollar. The project started by examining potential use cases for digital money and the infrastructure that would be required to support it.
This session showcases multiple industry-led digital money pilots and the use of purpose-bound money, such as programmable rewards, escrow arrangement, government grant disbursement. The session will also cover the singleness of money and embedded policy compliance in digital money.
Flow of events:
1. Programmable rewards by Singapore Pitstop Industry Pilot
2. Ecommerce - PBM for Escrow arrangement
3. Fungibility trial for Digital Singapore Dollar
4. Government Grants
5. Institutional PBM with payment controls for deposit token transferability
Regulation Stage
Hall 5, Singapore EXPO
