Hong Kong Securities Supervision Commission Licensed Person Says HKMA Is Studying Tokenized Deposits for Inter-Bank Settlement and Settlement

According to Pang Baolin, a licensee of the Hong Kong Securities Supervision Commission, Hong Kong is not only an international financial center, but also one of the national financial centers. It has always attached great importance to and tried its best to support the Hong Kong financial system, hoping to assist the financial and economic development of the mainland at the same time. Digitalization is one of the important links. The market looks forward to Hong Kong's promotion of virtual asset trading, physical tokenization (STO) and other interoperability. It is reported that the Hong Kong Monetary Authority has studied matters such as the settlement and settlement of tokenized deposits between banks through a sandbox, conducted payment tests for the future digitization of Hong Kong dollars and stablecoins, and made full preparations for innovative financial marekt infrastructure and future digitization.