Hong Kong launches incubator for banks’ adoption of DLT

Tokenised deposits will be a core focus upon the incubator’s inception.

The Hong Kong Monetary Authority (HKMA) has launched the Supervisory Incubator for Distributed Ledger Technology on 8 January 2025, which is expected to help banks unlock the potential of distributed ledger technology (DLT).

The incubator aims to address DLT adoption risks that may arise as banks move to launch services that make use of DLT-based and legacy banking infrastructures.

Tokenised deposits will be a core focus upon the incubator’s inception, the HKMA said in a statement.

At the individual bank level, the incubator will offer a one-stop supervisory platform that enables banks to check the adequacy of their risk management controls prior to the full launch of a DLT-based initiative.

Banks will have access to a dedicated team from the HKMA for obtaining supervisory feedback and may opt to conduct live trials.

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Hong Kong Monetary Authority

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