Odaily News The Hong Kong Monetary Authority (HKMA) announced that it will work with the central banks of Brazil and Thailand to promote cross-border asset tokenization transactions, including atomic settlement (DvP) of digital asset transactions and cross-border payments (PvP) of wholesale CBDC. HKMA also plans to launch a "Digital Bond Funding Program" to provide up to HK$2.5 million in funding for eligible digital bond issuances to promote the development of Hong Kong as a tokenization center. HKMA has previously issued two government green bonds, one traditional issuance and the other native digital issuance. The latter exceeded US$750 million, making it the world's largest digital bond at the time. This collaboration with the Central Bank of Brazil's DREX project and the Hong Kong Ensemble project aims to facilitate cross-border transaction tokenization applications, including trade finance and carbon credits.