Banque de France and Hong Kong Monetary Authority announce collaboration on wCBDC

Banque de France (BDF) and the Hong Kong Monetary Authority (HKMA) have announced their cooperation on wCBDC. This collaboration includes the participation of the HKMA in the European Central Bank's second wave of exploration of the euro system. The two institutions have signed a Memorandum of Understanding (MoU) to innovate in wCBDC and tokenized markets, with a focus on interoperability between BDF's DL3S infrastructure and HKMA's Ensemble Sandbox. The collaboration aims to strengthen real-time cross-border and cross-currency payments, optimize settlement efficiency, and promote interoperability between financial market infrastructures. BDF's First Deputy Governor Denis Beau and HKMA's Deputy Chief Howard Lee emphasized the potential of the plan in promoting inclusive finance and advancing the development of the global token market.