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Project Ensemble: Hong Kong Embraces Asset Tokenisation With New Sandbox

The Fintech Times

Through the project , HKMA explores financial market infrastructure that facilitates seamless interbank settlement of tokenised money through a wCBDC. Having completed building the sandbox, HKMA will use it to facilitate interbank settlement using experimental tokenised money, focusing on transactions involving these tokenised assets.

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Deep Dive: Weighing The Federal Reserve’s Faster Payments Proposal

PYMNTS

The system would facilitate 24/7 year-round interbank settlements of faster payments and also provide a liquidity management tool to support transfers between Federal Reserve accounts. Against this backdrop, the Federal Reserve proposed creating its own real-time payments service in October 2018.