MAS: Picks CBDC challenge finalists
- MAS announced the 15 finalists for the global competition to develop retail Central Bank Digital Currency (CBDC) solutions
- The finalists, comprising financial institutions, FinTechs, and technology solution providers
- The Global CBDC Challenge attracted over 300 submissions from more than 50 countries
- The proposals from the finalists sought to address multiple problem statements through a variety of technology approaches
- The finalists were selected by an independent panel of judges comprising policy and technical experts, academia
- The quality of proposals received from the global innovation community was impressive
