“DLT has shown potential in making financial transactions and processes more transparent, resilient and at lower cost. The project aims to help MAS and the industry better understand the technology and the potential benefits it may bring through practical experimentation. This is with the eventual goal of developing simpler to …

"Our goal with Project Khokha is to contribute to the global initiatives which assess the application and use cases of distributed ledger technology (DLT) through this collaborative effort piloted by the South African Reserve Bank (SARB) together with the national banking community.”