TechFlow News, June 11: According to Securities Times, Hong Kong’s Financial Secretary and Secretary for Financial Services and the Treasury, Christopher Hui, stated that two licensed stablecoin issuers are participating in the Hong Kong Monetary Authority (HKMA)-led central bank digital currency (CBDC) and tokenized deposit initiatives. Their partners include local telecommunications, payment, and digital asset companies. The HKMA will continue monitoring progress and urging institutions to implement relevant use cases, while also exploring broader applications of compliant stablecoins in digital finance to create value for the real economy and financial activities.
Additionally, the HKMA has established the Ensemble Project Architecture Working Group to actively advance the development of a local unified standard, enabling interoperability among CBDCs, tokenized money, and tokenized assets—facilitating seamless fund and asset flows within the tokenization ecosystem and providing clear direction for the industry.
