Today the Monetary Authority of Singapore (MAS) announced the three winning teams from its Global CBDC Challenge for retail central bank digital currency (CBDC). They are ConsenSys which partnered with Visa, central bank service provider Giesecke+Devrient (G+D), and Criteo, which used Intel hardware.
In related news, MAS announced the launch of its retail CBDC initiative Project Orchid earlier this week.
The CBDC competition was organized in conjunction with the World Bank, the IMF and several other global organizations, with a high profile panel of judges including the head of the BIS Innovation Hub, Benoît Cœuré and the representatives of multiple central banks. More than 300 entrants were reduced to 15 finalists in August, with the three winning teams announced today at the Singapore Fintech Festival.
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