ChainCatcher message, the Bank of Ghana (BOG) and the Monetary Authority of Singapore (MAS) have completed the proof of concept for the Digital Economy Semi-Fungible Token (DESFT) project. The project aims to encourage trade between micro, small, and medium enterprises (MSMEs) in both countries. Within the project, real-time transactions have been conducted between the two parties. According to Ample FinTech, headquartered in Singapore, they utilized the Universal Trusted Credential Semi-Fungible Token Protocol developed by the United Nations Development Programme, which the company claims to be the developer of DESFT. The token contains verified licenses, certificates, and transaction records.