According to Jinshi Data, the Hong Kong Monetary Authority announced that it will conduct cross-border tokenization experiments with the Central Bank of Brazil under the Ensemble project and the Drex pilot program. The two parties will connect the experimental central bank digital currency (CBDC) infrastructure and explore the use cases of cross-border simultaneous payment (PvP) and delivery versus payment (DvP) settlement in areas such as trade financing and carbon credits.
On the same day, the Hong Kong Monetary Authority announced that it would jointly explore cross-border tokenization use cases with the Bank of Thailand under the Ensemble Project and the San Project.