Hong Kong Monetary Authority allows 24-hour settlement of tokenized deposits
HSBC HSBC Holdings plc ADR
$90.22 +3.63%
View chart & analysis → - 1The Hong Kong Monetary Authority announced that Hong Kong banks can settle tokenized deposit transactions 24 hours a day using tokenized central bank money.
- 2The EnsembleTX pilot includes 12 participating banks and 20 industry pioneers.
- 3There are two SFC-approved tokenized money market funds that began 24-hour trading last week.
So what's the key point?
Hong Kong banks can now use digital technology to conduct deposit transactions all day long. Twelve banks are participating to enable transaction processing 24 hours a day.
Source Unchained · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.