HKMA launches sandbox to accelerate tokenisation adoption

The sandbox will facilitate interbank settlement using experimental tokenised money.

The Hong Kong Monetary Authority (HKMA) launched Project Ensemble Sandbox (the Sandbox) as well as the four main themes of asset tokenisation use cases for the initial round of experimentation.

The Sandbox will explore innovative financial market infrastructure (FMI) to facilitate seamless interbank settlement of tokenised money through wholesale central bank digital currency (wCBDC).

The HKMA has completed the building and setup of the Sandbox which will facilitate interbank settlement using experimental tokenised money, focusing on transactions involving tokenised assets.

Participating banks have linked their tokenised deposit platforms to the Sandbox, enabling experiments for both interbank payment-versus-payment and delivery-versus-payment settlement.

HKMA and the Securities and Futures Commission (SFC) will work closely to develop a regulatory framework that will support the sustainable growth of the tokenised asset market in Hong Kong.

In addition, the HKMA plans to collaborate with the Bank for International Settlements Innovation Hub Hong Kong Centre and engage the central bank digital currency (CBDC) Expert Group to advance the Sandbox.

Follow the link for more news on

asset management

Also Read

Atome Financial clinches $200m facility for SEA expansion plans

WealthTech Endowus breaks US$7b mark in assets under advice

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit