Project Orchid - Digital money in action

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

Moderator

Alan Lim

Alan Lim

Head, FinTech Infrastructure Office, Monetary Authority of Singapore

Laura Loh

Laura Loh

Director, Investment (Blockchain) , Temasek International

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