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Bank of East Asia in Hong Kong: It has minted its own functional token Kudos and started trial internally

BEA's Director of Information Technology and Head of Financial Technology Development, Leung Siu Yan, will focus on generative AI and Web 3.0 blockchain technology. BEA has already partnered with FORMS HK to pave the way for future business development using FORMS HK's "FINNOSafe Wallet" and "FINNOSafe Tokenized Asset Custody Service". Currently, the BEA team has created a functional token called Kudos on the blockchain, which is being internally tested as part of an employee reward program. Leung Siu Yan also revealed that BEA launched an innovation platform called "BEAST" last year, which has 111 proof of concept (PoC) schemes, of which 30 have been implemented.

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