Banque de France and Hong Kong Monetary Authority announce collaboration on wCBDC

Odaily News The Banque de France (BDF), the French central bank, and the Hong Kong Monetary Authority (HKMA) announced a collaboration on wholesale central bank digital currencies (wCBDCs). The collaboration includes the HKMA's participation in the second wave of exploration work by the European Central Bank's Eurosystem. The two institutions signed a Memorandum of Understanding (MoU) to innovate in the wCBDC and tokenization markets, focusing on the interoperability between the two institutions' infrastructures, BDF's DL3S and the HKMA's Ensemble Sandbox. The collaboration aims to strengthen real-time cross-border and cross-currency payments, optimize settlement efficiency, and promote interoperability between financial market infrastructures. Denis Beau, First Deputy Governor of the BDF, and Howard Lee, Deputy Governor of the HKMA, highlighted the potential of the initiative to promote inclusive finance and drive the development of the global token market. (Bitcoin.com)