Ripple and Fubon Bank

Ripple and Fubon Bank have partnered in an innovative collaboration as part of the Hong Kong Monetary Authority's pioneering e-HKD Pilot Programme. This strategic alliance focuses on leveraging blockchain technology to revolutionize the real estate industry. The core objective is to tokenize real estate assets, essentially converting physical properties into digital tokens on a secure blockchain. This groundbreaking approach aims to streamline equity release for Hong Kong residents, making it faster, more efficient, and secure. By harnessing Ripple's Central Bank Digital Currency (CBDC) Platform, this initiative seeks to unlock the potential of digital currencies while ensuring the privacy and security of real estate asset transactions. Ultimately, the partnership aspires to provide a cutting-edge solution for real estate equity release, enhancing liquidity and accessibility for the benefit of Hong Kong citizens.