Hong Kong goes all-in on digital tokens to modernize finance

Move toward blockchain assets reflects China's de-dollarization ambitions

20241009N hong kong tokens

Eddie Yue, chief executive of the Hong Kong Monetary Authority, speaks during the Aug. 28 launch of Project Ensemble Sandbox. (HKMA)

KENSAKU IHARA and PEGGY YE, Nikkei staff writers

HONG KONG -- The Hong Kong financial sector has embarked on an ambitious project to streamline transactions of traditional assets through the use of digital tokens.

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