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DBS, JP Morgan and Temasek to develop open industry platform to transform interbank value movements

Felicia Tan
Felicia Tan4/28/2021 12:46 PM GMT+08  • 4 min read
DBS, JP Morgan and Temasek to develop open industry platform to transform interbank value movements
The efforts build on the trio’s past work as part of Project Ubin, an industry initiative by the MAS.
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DBS Group Holdings, JP Morgan and Temasek Holdings have announced their plans to develop an open industry platform that will reimagine and accelerate value movements for payments, trade and foreign exchange settlement in a new digital era, on April 28.

The efforts build on the trio’s past work as part of Project Ubin, an industry initiative by the Monetary Authority of Singapore (MAS) to explore the application of blockchain technology involving multi-currency payments and settlements.

The development of the platform will be done through a newly-established technology company, Partior.

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