HKMA announces round-the-clock interbank settlement in tokenized central bank money

The HKMA now allows banks in its tokenized deposit pilot to settle interbank payments around the clock, including weekends, instead of only during Hong Kong dollar real-time gross settlement hours.

Source

On November 2, the Hong Kong Monetary Authority (HKMA) announced round-the-clock interbank settlement in tokenized central bank money.

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Not established

Exact year of the November 2 announcement
Effective date of the upgrade
Technical mechanism used for tokenized central bank money settlement

Extracted detail

Decision maker: Hong Kong Monetary Authority (HKMA)
Topic: tokenized central bank money interbank settlement

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