TechFlow News, according to the South China Morning Post, the Hong Kong Monetary Authority announced on March 7 the launch of a pilot project for a wholesale central bank digital currency (wCBDC), the world's first platform targeting tokenized deposits, tokenized assets, and central bank digital currency settlements.
It will also establish an "architecture community" to develop common standards. Anonymous sources familiar with the matter revealed that companies including Microsoft and Ant Digital Technologies will join this community.
Public information shows that in 2023, Ant Digital Technologies launched ZAN, a Web3 technology brand targeting the Hong Kong and overseas markets, providing Web3 technical services for compliant institutions, with products that help developers reduce development costs and technical risks.
