HKMA creates tokenisation advisory group

New group includes BIS Innovation Hub, regulators, academics, banks and tech firms

Hong Kong

The Hong Kong Monetary Authority (HKMA) has created an advisory group to come up with suggestions and industry standards for the city’s growing tokenisation market.

Members of the group include the Securities and Futures Commission and the Hong Kong centre of the Bank for International Settlements’ (BIS) Innovation Hub. It also includes seven private firms and an expert group on central bank digital currency (CBDC) that the HKMA set up in October last year.

The private firms are Bank of China

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