According to Odaily Planet Daily, the French central bank Banque de France (BDF) and the Hong Kong Monetary Authority (HKMA) announced cooperation on wholesale central bank digital currency (wCBDC). The cooperation includes the HKMA's participation in the second wave of exploration work of the European Central Bank's Eurosystem. The two institutions signed a memorandum of understanding (MoU) to innovate in the wCBDC and tokenization markets, focusing on the interoperability between the two institutions' infrastructures, BDF's DL3S and the HKMA's Ensemble Sandbox.
The collaboration aims to enhance real-time cross-border and cross-currency payments, optimize settlement efficiency, and promote interoperability between financial market infrastructures. Denis Beau, First Deputy Governor of the BDF, and Howard Lee, Deputy Chief Executive of the Hong Kong Monetary Authority, highlighted the potential of the initiative in promoting financial inclusion and advancing the development of the global token market.
