According to TechFlow, the Bank of France (BDF) and the Hong Kong Monetary Authority (HKMA) announced cooperation in the field of wholesale central bank digital currency (wCBDC). The cooperation includes HKMA's participation in the second phase of the European Central Bank's Eurosystem exploratory work. The two institutions signed a memorandum of understanding (MoU) aimed at innovating in the wCBDC and tokenization markets, focusing on the interoperability between their infrastructures - BDF's DL3S and HKMA's Ensemble Sandbox.
Denis Beau, First Deputy Governor of the BDF, and Howard Lee, Deputy Governor of the HKMA, highlighted the potential of the initiative to promote financial inclusion and advance the global tokenization market.
