Decom Holdings offers solution to MAS on Global Challenge for retail CBDC

KUALA LUMPUR, Aug 5 -- As a response to the Global Challenge for retail Central Bank Digital Currency (CBDC) solutions organised by the Monetary Authority of Singapore (MAS) on June 23, a group of Decom Holdings Vietnam experts has proposed innovative ideas and solutions to address 12 different problem statements raised by the MAS and partner organisations worldwide.

These statements are centred on three key areas: CBDC Instrument; CBDC Distribution; and CBDC Infrastructure.

All senior experts in different time zones and working environments have worked diligently together to come up with the most original and innovative proposal possible for this contest, according to a statement.

With a group of experts’ expertise and experience in financial and banking, blockchain security, cryptography, and other blockchain applications, the team is very confident in contributing to enhance payment efficiencies and promote financial inclusion through the Global Challenge for Retail CBDC Solutions launched by MAS.

This project marks the first time ever to have an independent research team on blockchain in Vietnam, with members from a variety of fields such as finance, cryptography, technology, marketing, etc., work together remotely on a public project with an international scale.

“We are overjoyed to be a part of this competition hosted by the Singapore government. It is a great way to encourage organisations, groups and individuals across the globe to share their brilliant proposal for retail CBDC solutions,” said Decom Holdings Joint Stock Company Chairman, Trung Phan, an expert in investment and DEFI solutions.

“We learned about the competition only a few weeks ago, but we quickly put together a team and started the project right away.”

Decom Holdings Joint Stock Company specialises in DEFI investment and solution search, providing their customers with secure and high-quality services.

-- BERNAMA