Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12450
Markets: 96130
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12450
Cryptocurrencies
55.82%
Bitcoin Share
The Coin Rise 2025-01-09 10:44:04

Hong Kong’s HKMA Launches Initiative to Propel DLT Adoption in Banking

Hong Kong’s HKMA Launches Initiative to Propel DLT Adoption in Banking

The Hong Kong Monetary Authority (HKMA) unveiled its “Supervisory Incubator for Distributed Ledger Technology” (DLT) on January 8, marking a significant step toward integrating blockchain innovation into the financial sector. The initiative aims to enable banks to safely adopt DLT, fostering efficient and secure banking operations. HKMA to Push DLT Adoption Arthur Yuen, deputy chief executive of the HKMA, emphasized the importance of fostering innovation in banking. “As the banking industry continues to evolve, it is essential that we provide a supportive environment for innovation to thrive,” he remarked, adding that the incubator will pave the way for safe and effective DLT-based banking solutions. The program offers two core components. The first provides tailored support to individual banks, granting access to HKMA teams that will evaluate live trials. These trials will assess risk management systems for DLT-enabled services, with an initial focus on tokenized deposits. The second component encourages industry-wide growth by sharing insights, supervisory guidance, and research to streamline DLT implementation across the current financial ecosystem . Unlocking Financial Innovation During the HKMA’s FiNETech4 event, which convened over 300 financial professionals, Executive Director Carmen Chu outlined the transformative potential of DLT. She highlighted how tokenization could lead to innovations such as real-time ledger updates and autonomous bookkeeping, ultimately enabling new forms of transactions previously unattainable with traditional infrastructure. Chu also noted that tokenized real-world data could facilitate the creation of financial products tailored to specific industries using smart contracts. This would allow banks to tap into new revenue streams while addressing unique client needs. The HKMA’s commitment to blockchain extends beyond this initiative. In December, the authority approved licenses for four additional virtual asset trading platforms , increasing the total to seven. These developments underline Hong Kong’s ambition to remain at the forefront of financial technology. The post Hong Kong’s HKMA Launches Initiative to Propel DLT Adoption in Banking appeared first on TheCoinrise.com .

Most Read News



Cryptohopper
hardware wallets, hardware , wallets, Crypto Currency, Cryptocurrency hardware wallets, Crypto Apparal, crypto wallet, Cryptocurrency wallets

Market Cap
24h Vol
55.82%
Bitcoin Share
688
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.