A sovereign digital currency project involving Hong Kong, China, Thailand and the UAE is looking to expand its use beyond cross-border trade settlements. Photo: Reuters
A sovereign digital currency project involving Hong Kong, China, Thailand and the UAE is looking to expand its use beyond cross-border trade settlements. Photo: Reuters

Hong Kong, China, Thailand and UAE explore new uses of ‘mBridge’ digital currency project, including securities settlement

  • The mBridge central bank digital currency project is exploring 15 potential uses, including settlement of cross-border securities
  • The project’s original scope was to help cut settlement time and costs associated with cross-border payments

Topic |   Banking & finance
A sovereign digital currency project involving Hong Kong, China, Thailand and the UAE is looking to expand its use beyond cross-border trade settlements. Photo: Reuters
A sovereign digital currency project involving Hong Kong, China, Thailand and the UAE is looking to expand its use beyond cross-border trade settlements. Photo: Reuters
READ FULL ARTICLE