#hkmaplanswholesalecbdcbyyearend
đŠ Hong Kong is moving closer to 24/7 institutional CBDC settlement.
The Hong Kong Monetary Authority plans to launch a wholesale CBDC for interbank settlement of tokenized deposits by year-end under Project EnsembleTX.
The interesting part is the focus on round-the-clock settlement, including real-value wholesale CBDC transactions for after-hours derivatives trading.
The HKMA also plans to test tokenized Exchange Fund Bills for institutional asset and liability management.
This is focused on wholesale finance, not a retail CBDC. But it shows how quickly tokenization is moving into real institutional settlement infrastructure.
Could 24/7 settlement become a key piece of the RWA market?
#CBDC #RWA #Tokenization #HongKong #DigitalFinance
đŠ Hong Kong is moving closer to 24/7 institutional CBDC settlement.
The Hong Kong Monetary Authority plans to launch a wholesale CBDC for interbank settlement of tokenized deposits by year-end under Project EnsembleTX.
The interesting part is the focus on round-the-clock settlement, including real-value wholesale CBDC transactions for after-hours derivatives trading.
The HKMA also plans to test tokenized Exchange Fund Bills for institutional asset and liability management.
This is focused on wholesale finance, not a retail CBDC. But it shows how quickly tokenization is moving into real institutional settlement infrastructure.
Could 24/7 settlement become a key piece of the RWA market?
#CBDC #RWA #Tokenization #HongKong #DigitalFinance
