Hong Kong's New Initiative to Support Wholesale CBDC and Tokenization
Tuesday, 7 May 2024, 09:22
Hong Kong Develops Wholesale CBDC and Tokenization Industry Group
The HKMA has introduced the Project Ensemble Architecture Community to promote interoperability between wholesale CBDC and tokenized assets. This initiative focuses on enhancing collaboration and fostering growth in digital currency technologies.
Main Points:
- Initiative Objective: Support interoperability among wholesale CBDC and tokenized assets
- Industry Development: Drive collaboration and innovation
- Goal: Strengthen Hong Kong's role in digital currency advancements
Overall, the establishment of this industry community underscores Hong Kong's commitment to embracing and developing cutting-edge financial technologies.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.