The Monetary Authority of Singapore (MAS) has officially announced a partnership with fintech firm R3. The joint effort will also see the launch of a distributed ledger technology (DLT) Center of Excellence in Asia. The Asian DLT lab will focus on expanding the emerging technology across the region.
The Singapore MAS organization remains focused on blockchain technology and fintech solutions. Just recently, Bitcoin.com reported on the central bank inking blockchain partnerships with countries like South Korea and India. Now MAS will develop an R3 Asia Lab to bolster the technology and its many use cases.
https://news.bitcoin.com/singapore-central-bank-lab-r3/
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