/biz/ - Business & Finance

>>55738634
bless the baker and thanks for the new thread
it's going to be a good one, i can feel it
here is an article from 22 hours ago:
https://www.ledgerinsights.com/fubon-bank-ripple-hk-cbdc-real-estate-tokenization/
>Fubon Bank, Ripple to use HK CBDC in real estate tokenization pilot

Last week, Hong Kong-based Fubon Bank unveiled plans for a real estate tokenization pilot with Ripple, the blockchain and crypto firm associated with XRP Ledger. The trial is one of a dozen projects previously announced by the Hong Kong Monetary Authority (HKMA) as part of the region’s central bank digital currency (CBDC) trials.

The test combines a simulated eHKD, tokenized real estate, and finance agreements to allow users to tokenize real-world assets as collateral for loans. While the Fubon Bank interview elaborated on what the trial would involve, it didn’t clarify why a CBDC would benefit this particular use case.