Ethereum workshop ConsenSys said it has been chosen by the Hong Kong Monetary Authority (HKMA) to assist in Hong Kong and Thailand's cross-border central bank digital currency (CBDC) pilot.
- ConsenSys said in a Friday announcement it will "work on the second implementation stage" of those countries' Project Inthanon-LionRock CBDC alongside consultancy PricewaterhouseCoopers and Forms, a Hong Kong fintech.
- A joint effort by HKMA and the Bank of Thailand, Project Inthanon-LionRock is examining if, where and how distributed ledger technology (DLT) might enhance cross-border payments between commercial banks.
- HKMA did not immediately confirm the partnership. Further details were not available by press time.
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