XRP/Ripple Partnered With Hong Kong
Ripple, a top blockchain and crypto solutions provider, joins Hong Kong Monetary Authority's e-HKD Pilot Programme, highlighting expertise in real estate tokenization. Ripple's tech enables efficient cross-border transactions within existing regulations.
Ralph Fontones
10/11/20231 min read
Ripple, the 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) inaugural e-HKD Pilot Programme. The HKMA has adopted a three-rail approach to prepare for the possible rollouts of the e-HKD. Ripple’s software products allow financial institutions to send money globally, on a real-time basis, at a fraction of the cost of traditional services available to market participants Ripple’s aim is not to replace fiat currencies, but rather to enable a faster, less expensive, and more transparent method of making cross-border payments that is in the public’s best interest. Ripple’s customers and partners are regulated financial institutions - banks and payment service providers - who operate within the contours of the existing financial system.