Hong Kong, Thailand, and Brazil Join Forces to Advance Tokenization! 🚀

The Hong Kong Monetary Authority (HKMA) is partnering with the central banks of Thailand and Brazil to launch cross-border tokenization projects. The goal is to improve financial technology in areas such as trade finance and carbon credits.

🔹 The HKMA and the Bank of Thailand are testing payment systems and settlements.

🔹 The collaboration with Brazil includes a pilot platform Drex.

These initiatives are aimed at creating new opportunities and improving the financial infrastructure. Leave your thoughts in the comments! 💬