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Fubon Bank to Launch Real Estate Tokenization Pilot Program on Ripple's CBDC Platform in Q3 2023

Fubon Bank, the Hong Kong arm of Taiwan's Fubon Financial Holding Co., has announced plans to launch a pilot real estate tokenization program on Ripple's CBDC platform in Q3 2023. The program will involve issuing loans in digital Hong Kong dollars and using them to purchase real estate properties and other related investments. Fubon Bank may also collaborate with real estate companies to enable them to accept e-KHD as a payment method. The initiative is part of Hong Kong's new e-HKD pilot program, and Ripple has disclosed plans to revolutionize the real estate industry using tokenization.

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