The Hong Kong Monetary Authority (HKMA) has launched a program to help banks implement distributed ledger technology (DLT). The initiative will focus on tokenized deposits, providing banks with support for secure testing and risk management system verification. The program is also aimed at developing the industry through the dissemination of best practices and conducting research. In the future, the use of DLT will enable the creation of innovative financial products, such as smart contracts for tokenized assets.
1/11/2025 12:26:55 PM (GMT+1)
The Hong Kong Monetary Authority launches a support program for banks to implement distributed ledger technology with a focus on tokenized deposits and secure testing 🔗
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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