Thai central bank to work with HKMA on cross-border blockchain

Central banks to work on blockchain-based cross-border funds transfer technology

Bank of Thailand
Bank of Thailand
Photo: George Johnson

Thailand’s central bank announced it is working with the Hong Kong Monetary Authority to develop interoperability among ledgers for cross-border funds transfer.  

The collaboration is part of the third phase of ’project Inthanon’, the Bank of Thailand’s effort to develop blockchain technologies. It aims to develop and test a proof-of-concept for domestic wholesale funds transfer using a wholesale central bank digital currency (CBDC). 

The project’s third phase started in August and is expected

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