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BNB $664.67 -0.26%
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Ripple: Working With Hong Kong Companies and Financial Regulators to Pilot Projects Such As RWA

August 10th, Kirit Bhatia, the head of international business development at Ripple, stated that Ripple is collaborating with the Hong Kong Monetary Authority (HKMA) to pilot a central bank digital currency (CBDC) program. The program aims to tokenize real-world assets (RWA) using the Ripple CBDC platform supported by XRP Ledger (XRPL) technology.

Ripple officials stated, "Hong Kong has numerous developers and investments related to blockchain. We are pleased to collaborate with innovative enterprises and financial institutions to promote, manage, and tokenize real-world assets in Hong Kong and throughout Asia."

XRP $2.25

+0.1%

Ripple CBDC tokenization

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Ripple: Working With Hong Kong Companies and Financial Regulators to Pilot Projects Such As RWA

All Comments

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Lido is preparing a blockchain identity verification platform codenamed "Y" to compete with World Network

The country's first digital RMB-based intellectual property securitization product was successfully issued

APT breaks through $9.5

BTC falls below $72,000

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