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DBS x Open Government Products – Purpose Bound Money Vouchers (Live Pilot)
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DBS in partnership with Open Government Products (OGP) has launched a live pilot where Purpose Bound Money vouchers (PBM vouchers) are issued using tokenised SGD to facilitate real-world transactions with selected merchants.
This forms part of Project Orchid, an industry effort led by the Monetary Authority of Singapore (MAS), to develop the technology infrastructure and technical competencies to enable a programmable digital Singapore dollar (DSGD).
This forms part of Project Orchid, an industry effort led by the Monetary Authority of Singapore (MAS), to develop the technology infrastructure and technical competencies to enable a programmable digital Singapore dollar (DSGD).
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