CoinScoopHong Kong to Launch Wholesale CBDC for Tokenized Bond Settlement by Year-End
The Hong Kong Monetary Authority plans to launch a wholesale central bank digital currency (wCBDC) by the end of this year as part of Project Ensemble. The initiative aims to enable 24/7 interbank settlement for tokenized deposits and derivatives trading on the Hong Kong Exchanges and Clearing (HKEX), overcoming the limitations of the current RTGS system that operates only during business hours.
Summaries are written by AI from the original article. Not investment advice.