The Singapore Stock Exchange and the Singapore Monetary Authority have successfully completed the silver countermeasure test of the tokenized assets of the cross-blockchain platform.

Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain.

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.

Silver goods management identifies the securities registration and clearing organizations and arrangement individuals in the arrangement process, when and only once the money are shipped, the money are paid when the securities and securities are shipped, and following the arrangement is completed, it is irrevocable. The test, conducted with technology companions Anquan of Singapore, Deloitte of Deloitte and Nasdaq of america, shows that finance institutions and corporate traders can trade monetized digital currencies synchronously on different blockchain systems and can make last arrangement, which can improve functional efficiency and reduce arrangement risk.