HKMA unveils new wholesale CBDC project

De facto central bank to launch sandbox for testing settlement of tokenised deposits

Hong Kong at night

Hong Kong’s de facto central bank has launched a new wholesale digital currency project aimed at supporting the territory’s tokenisation market.

The Hong Kong Monetary Authority (HKMA) will test the use of a wholesale central bank digital currency (CBDC) to support the interbank settlement of tokenised deposits.

These deposits will be used to facilitate the trading of tokenised assets. The latter will include green bonds, carbon credits, electronic bills of lading and treasury management. 

The HKMA

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.