Hong Kong Plans Crypto Licensing Bill, Advances Tokenized Finance

Key Insights:HKMA plans new CMU products for 24/7 real-time on-chain settlement using e-HKD and central bank digital currencies.Hong Kong is considering license

• Hong Kong is advancing legislation for digital asset licensing, targeting early 2027, to cover trading, custody, advisory, and management services.
• The Hong Kong Monetary Authority (HKMA) is enhancing its Central Moneymarkets Unit (CMU) to support 24/7 on-chain settlement using e-HKD and central bank digital currencies, exploring tokenized deposits and stablecoins.
• The city is also expanding its digital bond program and testing tokenized Exchange Fund Bills to facilitate round-the-clock liquidity and balance-sheet management for banks.

Topics: Jurisdictions, Infrastructure providers, Blockchain usage, Emerging hubs, Tokenization platforms, Private enterprise ledgers

Tags: #hongkong #cryptolicensing #tokenizedfinance #hkma #ehkd #digitalbonds #cmc #onchainsettlement #stablecoins #digitalassets

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Chainlink CCIP Joins Central Bank Digital Asset Pilots

# Chainlink CCIP Joins Central Bank Digital Asset Pilots

• Chainlink's Cross-Chain Interoperability Protocol (CCIP) is being utilized in central bank digital asset and tokenized settlement pilots, including Brazil's Drex initiative and Hong Kong's Ensemble network.
• These pilots, while not full commercial deployments, are crucial for testing interoperability and secure communication between different digital asset systems and regulated institutions.
• Chainlink's involvement in these high-stakes trials positions CCIP as a key infrastructure for future cross-border settlement and tokenized financial ecosystems.

Topics: Jurisdictions, Infrastructure providers, Blockchain usage, Regulatory sandboxes pilots, Tokenization platforms, Layer 2 scaling

Tags: #chainlinkccip #centralbankdigitalassets #drexinitiative #ensemblenetwork #ehkd #interoperability #tokenizedsettlement #cbdcpilots #anzbank #crossbordersettlement

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