Hong Kong and Singapore to collaborate on fintech
First joint initiative of rival cities is to link trade finance platforms with DLT-backed interface
The Hong Kong Monetary Authority and the Monetary Authority of Singapore have signed an agreement to strengthen their fintech ties. The first collaborative initiative will be a joint project on trade finance.
The two authorities said they are in discussion on building a trade finance cross-border infrastructure, based on distributed ledger technology (DLT), to link the domestic trade finance platforms being developed separately in the two centres. More details will be announced by the two
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