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Looking to harness this potential, the Hong Kong Monetary Authority (HKMA) launched ‘Project Ensemble’ in March earlier this year, a wholesale central bank digitalcurrency (wCBDC) project, to support the development of the tokenisation market in the region.
Efforts were also made to advance digital assets, tokenization and central bank digitalcurrency (CBDC) experimentation with initiatives such as Project Guardian and Project Orchid expanding to include more use cases and moving towards “live” pilots. and advancing talent.
The Hong Kong Monetary Authority (HKMA) has begun ‘Project Ensemble’, a new wholesale central bank digitalcurrency (wCBDC) project, to support the development of the tokenisation market in Hong Kong.
Among one of the loudest of these blockchain champions is Ripple, a FinTech firm that has recently secured millions of dollars in investments and strategic partnerships aimed at promoting blockchain technology’s use for traditionally friction-rich areas, like cross-border payments and real-time payments. ” A Bit Of Background.
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