Hong Kong launches wCBDC pilot for margin in after hours derivatives trading – Ledger Insights
Today the Hong Kong Monetary Authority (HKMA) and Hong Kong Exchanges and Clearing (“HKEX”) announced plans for a wholesale central bank digital currency (wCBDC) trial. The aim is to use the wholesale e-HKD as advance margin for derivatives trading during after hours trading (AHT) sessions. The HKFE Clearing Corporation Limited (HKCC) has multiple settlement banks….