Project Mandala event

regtech-project · PageRank 0.0008

Also known as: Mandala

Overview

Project Mandala is a BIS Innovation Hub initiative demonstrating how regulatory and policy compliance can be embedded directly into cross-border payment protocols. Its completion was announced in October 2024; the first phase was run by the BIS Innovation Hub Singapore Centre with the Reserve Bank of Australia, the Bank of Korea, Bank Negara Malaysia and the Monetary Authority of Singapore. Its decentralised 'compliance-by-design' architecture combines a peer-to-peer messaging system, a rules engine and a proof engine, and was tested on cross-border lending between Singapore and Malaysia (capital flow management measures and sanctions screening) and capital investment flows between Korea and Australia. A subsequent phase widened participation to further central banks and to programmable compliance for digital assets.

Within the DeFi Intel graph, Project Mandala connects to 1 tracked entity, most strongly to BIS Innovation Hub.

Relations

Top connections in the DeFi Intel knowledge graph (confidence-weighted, 1 of 1 total).

Frequently asked questions

Who participated in the first phase of Project Mandala?

The BIS Innovation Hub Singapore Centre with the Reserve Bank of Australia, the Bank of Korea, Bank Negara Malaysia and the Monetary Authority of Singapore.

What are Mandala's three core components?

A peer-to-peer messaging system, a rules engine and a proof engine, combined in a decentralised compliance-by-design architecture.

What use cases did Mandala test?

Cross-border lending between Singapore and Malaysia, covering capital flow management measures and sanctions screening, and capital investment transactions between South Korea and Australia involving sanctions screening and checks on unlisted securities.