Banque de France partners HKMA to explore interoperability between wholesale CBDC infrastructures

The Banque de France and the Hong Kong Monetary Authority have partnered to study the use of wholesale central bank digital currencies (wCBDCs) for cross-border settlements by testing real-time payments and securities transactions between the Euro and tokenized Hong Kong dollar. Their cooperation aims to enhance settlement efficiency and interoperability of financial infrastructures, contributing to the Eurosystem CBDC exploratory project. This test leverages the Banque de France's DL3S and the HKMA's Ensemble Sandbox for blockchain-based financial operations. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: FinTech Futures