The Fintech Times

AUGUST 28, 2024

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.

Interbank Settlement 133

Interbank Settlement CBDC Settlement Use Case 133

PYMNTS

OCTOBER 12, 2020

As reported in August, the Fed had announced some additional details of the 24/7 year-round interbank settlement service through a program that began to take shape in 2019, geared toward speeding processing times tied to instant payments (and featuring a clearing function). Digital Dollars, Too? .

Instant Payments 97

Instant Payments FedNow Fed Interoperability 97

PYMNTS

FEBRUARY 4, 2019

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.

Faster Payments 73

Faster Payments Federal Reserve Real Time Payments TCH 73