Microsoft and Ant Group will participate in the Hong Kong Monetary Authority's digital currency project

2024-03-08 12:10:15

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ChainCatcher news, according to the South China Morning Post, the Hong Kong Monetary Authority has announced the launch of a pilot project for wholesale Central Bank Digital Currency (wCBDC), which is the first platform aimed at tokenized deposits, tokenized assets, and Central Bank Digital Currency settlements. It will also establish an "architecture community" to develop common standards.

Informed sources revealed that companies such as Microsoft and Ant Group will join this community. Public information shows that Ant Group launched the Web3 technology brand ZAN in 2023 for the Hong Kong and overseas markets, providing Web3 technology services for compliant institutions, and its products can help developers reduce development costs and technical risks.

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