BitDegree
2024-03-08 09:36:35

Project Ensemble: Hong Kong's Leap into Wholesale CBDC and Tokenization

Key Takeaways Hong Kong's HKMA is launching Project Ensemble to explore the development of a wholesale central bank digital currency (wCBDC) to facilitate tokenization. The project will create a sandbox for testing tokenization use cases and establish a wCBDC Architecture Community involving local and international banks and experts. If there is sufficient market interest, Project Ensemble could lead to the issuance of a "live" CBDC, positioning Hong Kong as a leader in digital finance innovation.

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