Brazil: HKMA and BCB partnership on cross-border tokenisation initiatives
Progress
Current status
adopted
28 Oct 2024 adopted
Scope
Implementers
Brazil
Hong Kong
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central bank
Implementation Level
bi- or plurilateral agreement
Timeline of events
Announced HKMA and BCB collaboration enabling cross-border tokenisation experiments under ensemble sandbox and the Drex pilot platform
On 28 October 2024, the Hong Kong Monetary Authority (HKMA) announced a partnership with the Central Bank of Brazil (BCB) to advance cross-border tokenisation initiatives. The collaboration links HKMA's Ensemble Sandbox with BCB's Drex pilot platfor…
SourceEvent type
treaty
Action type
adoption
Government branch
executive
Government body
central bank