Hong Kong Cyberport will support the central bank digital currency project Ensemble launched by the Hong Kong Monetary Authority

According to BlockBeats news, on March 7, according to Yahoo Finance, Hong Kong Cyberport stated that it will support the latest wholesale-level central bank digital currency (wCBDC) project Ensemble launched by the Hong Kong Monetary Authority to jointly promote the development of asset and currency tokenization in Hong Kong. Cyberport will encourage Cyberport community start-ups to actively participate in the HKMA’s wCBDC “sandbox” to further explore financial technology innovation and promote the development of digital currency settlement. Regarding the HKMA’s digital Hong Kong dollar pilot program, Cyberport collaborated with Hang Seng Bank last year to complete a real-life simulation test of programmable payment use cases. Fintech company ZA Bank was also selected to participate in the first phase of the Digital Hong Kong Dollar Pilot Scheme. In addition, Cyberport and the Hong Kong Monetary Authority have also successfully collaborated to launch the Fintech Regulatory Sandbox 3.1 Pilot Program and the "Anti-Money Laundering Compliance Technology Laboratory" to strengthen the application of compliance technology.