Hong Kong and Singapore to collaborate on fintech

First joint initiative of rival cities is to link trade finance platforms with DLT-backed interface

Hong Kong and Singapore are looking to link their trade finance systems via DLT

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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