The Monetary Authority of Singapore has listed 15 companies to help build a retail Central Bank Digital Currency (CBDC). Singapore referred to as the hub of digital currency innovations, has finalized 15 companies, four companies from the United States, six companies from Singapore, and each from Barbados, Germany, Switzerland, Australia, and France. Besides, the top three finalists of the Global CBDC challenge will receive $50,000 and get a chance to present the CBDC design at the Singapore FinTech Festival.