Banque de France and HKMA to conduct cross-border CBDC test

HKMA is the first non-European central bank to join the Eurosystem’s wholesale DLT settlement trials


The Hong Kong Monetary Authority (HKMA) and the Banque de France (BdF) have joined forces to explore the use of wholesale central bank digital currency (CBDC) and tokenisation for cross-border transactions.

The HKMA will conduct joint tests with the BdF, under the second wave of the European Central Bank’s (ECB) Eurosystem exploratory work, the two central banks said in a joint statement on June 27.

The de facto central bank in Hong Kong is the first non-European central bank to be taking part in

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