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Through the project , HKMA explores financial market infrastructure that facilitates seamless interbanksettlement of tokenised money through a wCBDC. Having completed building the sandbox, HKMA will use it to facilitate interbanksettlementusing experimental tokenised money, focusing on transactions involving these tokenised assets.
Through the new project, Hong Kong Monetary Authority will explore innovative financial market infrastructure (FMI) that will facilitate seamless interbanksettlement of tokenised money through a wholesale CBDC. ” As part of Project Ensemble, later this year, HKMA will launch a new wCBDC Sandbox.
We break down the company’s argument as presented in “ The Cost-Cutting Case for Banks: The ROI of Using Ripple and XRP for Global InterbankSettlements.” A lot of money, in fact, according to Ripple’s calculations. ” A Bit Of Background.
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