Hong Kong Launches Project Ensemble, a Wholesale CBDC and Tokenized Deposits Initiative

The authorities of Hong Kong has introduced Project Ensemble, an initiative that can take a look at the performance of a wholesale central financial institution digital foreign money (WCBDC) and the motion of tokenized deposits. If there’s “sufficient interest” within the challenge, the Hong Kong Monetary Authority (HKMA) will conduct a dwell issuance of the WCBDC sooner or later. […]