Ripple, a leading enterprise blockchain and crypto solutions provider, has been selected to showcase a real estate asset tokenization solution as part of the Hong Kong Monetary Authority’s (HKMA) new pilot.
The Hong Kong Monetary Authority has announced the launch of its e-HKD Pilot Programme, which includes a range of payment and settlement solutions such as full-fledged payments, programmable payments, offline payments, tokenized deposits, settlement of Web3 transactions, and settlement of tokenized assets, as reported by Bitcoinist.
Ripple Revolutionizes Real Estate With HKMA Partnership?
Tokenizing commodities such as real estate is gaining traction within the financial services and government sectors, with real-world asset tokenization predicted to be a multi-trillion-dollar industry by 2030. Ripple’s solution combines the e-HKD, tokenized real estate, and lending protocols, all running on…
