HKMA unveils new wholesale CBDC project

De facto central bank to launch sandbox for testing settlement of tokenised deposits

Hong Kong at night

Hong Kong’s de facto central bank has launched a new wholesale digital currency project aimed at supporting the territory’s tokenisation market.

The Hong Kong Monetary Authority (HKMA) will test the use of a wholesale central bank digital currency (CBDC) to support the interbank settlement of tokenised deposits.

These deposits will be used to facilitate the trading of tokenised assets. The latter will include green bonds, carbon credits, electronic bills of lading and treasury management. 


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