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TechFlow news: The Hong Kong Monetary Authority has announced the launch of a central bank digital currency (wCBDC) project to support the development of tokenized markets.
The Hong Kong Monetary Authority (HKMA) said on Thursday that Project Ensemble will "seek to explore innovative financial market infrastructure (FMI) to enable seamless interbank settlement of tokenized currencies through wCBDC," with an initial focus on tokenized deposits.
The Hong Kong central bank has announced the launch of a central bank digital currency (wCBDC) initiative to support the development of tokenized markets. The Hong Kong Monetary Authority (HKMA) said on Thursday that Project Ensemble will "seek to explore innovative financial market infrastructure (FMI) to enable seamless interbank settlement in tokenized money via wCBDC," with an initial focus on tokenized deposits.
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