According to Odaily, the French Central Bank (BDF) and the Hong Kong Monetary Authority (HKMA) have announced a collaboration on the wholesale Central Bank Digital Currency (wCBDC). This partnership includes the HKMA's participation in the second wave of exploratory work in the European Central Bank's euro system. Both institutions have signed a Memorandum of Understanding (MoU) to innovate in the wCBDC and tokenized market, with a focus on the interoperability between the infrastructures of both institutions, BDF's DL3S and HKMA's Ensemble Sandbox.
The aim of this collaboration is to strengthen real-time cross-border and cross-currency payments, optimize settlement efficiency, and promote interoperability between financial market infrastructures. Denis Beau, the First Deputy Governor of BDF, and Howard Lee, the Deputy Chief Executive of the HKMA, have emphasized the potential of this plan in promoting inclusive finance and driving the development of the global token market.