Singapore’s DLT-Based Project Ubin Enters Its Third Testing Phase

Multiple governments are showing an interest in tokenizing their national currencies. We have seen discussions like these take place in Singapore, the US, the UK, and a few other countries as well. Most recently, the Singaporean government has been experimenting with a tokenized SGD. This project is known as Project Ubin, and it seems the trial is currently in its third phase. It’s a positive turn of events, although it remains to be seen if this currency will ever be brought into circulation. Project Ubin is Progressing Nicely Creating a tokenized version of an existing national currency will not be all that easy.