WeBank Technology Services Joins the HKMA's Project Ensemble Architecture Community

2024-11-01

HONG KONG,Oct. 31,2024 -- The Hong Kong Monetary Authority (HKMA) today introduced WeBank Technology Services,JPMorgan Chase Bank,National Association and R3 as new members of the Project Ensemble Architecture Community (the Community).

WeBank Technology Services,leveraging its expertise in blockchain technology and industry practices,looks to play a pivotal role in supporting the innovation and organic growth of Hong Kong's tokenisation market.

Launched by HKMA in March this year,Project Ensemble aims to develop innovative financial market infrastructure (FMI) to facilitate interbank settlement of tokenised money through wholesale central bank digital currency (wCBDC). In August,the HKMA introduced Ensemble Sandboxi,seeking to "examine technical interoperability among tokenised assets,tokenised deposits and wCBDC,while enabling industry participants to conduct end-to-end testing of tokenised asset transactions in practical business scenarios."

The initial members of Project Ensemble Architecture Community include the HKMA,the Securities and Futures Commission,the BIS Innovation Hub Hong Kong Centre,the CBDC Expert Group,and seven members from the private sector.

Unveiled in June in Hong Kong,WeBank Technology Services sets out to expand WeBank's leading fintech innovation to global markets. In the field of blockchain technology,WeBank has been leading the development of the open-source financial-grade blockchain infrastructure FISCO BCOS since 2017. The FISCO BCOS community has brought together over 100,000 individual developers and more than 5,000 organizations,while launching more than 400 benchmark applications. It is now one of the most active open-source blockchain communities in China.

About WeBank Technology Services

WeBank Technology Services was launched in Hong Kong in June 2024. WeBank Technology Services sets out to leverage WeBank's cutting-edge fintech capabilities and digital finance best practice to deliver a variety of superior digital finance and digital infrastructure solutions to digital banks,financial institutions,government agencies,and industry partners worldwide.

About WeBank

Launched in 2014,WeBank Co.,Ltd. ("WeBank") is the first digital bank in China. WeBank provides more convenient financial services to micro-,small- and medium-sized enterprises (MSMEs) and the general public,and continuously improves the quality of services in response to customers' specific needs. WeBank ranked No. 1 in The Asian Banker's Global Top 100 Digital Banks in 2022 and 2023. By June 2024,WeBank has served over 400 million retail customers and 5 million MSMEs.

i https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/08/20240828-3/

Disclaimer: This article is reproduced from other media. The purpose of reprinting is to convey more information. It does not mean that this website agrees with its views and is responsible for its authenticity, and does not bear any legal responsibility. All resources on this site are collected on the Internet. The purpose of sharing is for everyone's learning and reference only. If there is copyright or intellectual property infringement, please leave us a message.

Newest

Global Times: China’s long, profound pursuit of peace embedded in Hehe culture

The concept of "Hehe" in Chinese culture, with the first "He" embodying harmony, peace and balance and the second representing convergence, unity and cooperation, is central to both the individual and collective mind-set in China.
Global Times: China advances foreign trade with higher-quality products exported and more imports from LDCs

Over the course of 2024, China's foreign trade development has maintained a good momentum, with overall quality and structure improvement and stable growth. The achievements have not come easily considering the current slowing global economic recovery, intensifying trade protectionism and intertwined geopolitical conflicts.
Global Times: China’s long, profound pursuit of peace embedded in Hehe culture

The concept of "Hehe" in Chinese culture, with the first "He" embodying harmony, peace and balance and the second representing convergence, unity and cooperation, is central to both the individual and collective mind-set in China.
Global Times: China advances foreign trade with higher-quality products exported and more imports from LDCs

Over the course of 2024, China's foreign trade development has maintained a good momentum, with overall quality and structure improvement and stable growth. The achievements have not come easily considering the current slowing global economic recovery, intensifying trade protectionism and intertwined geopolitical conflicts.
Arcadium Lithium Announces Shareholder Approval of Proposed Rio Tinto Transaction and Provides Regulatory Update

PHILADELPHIA and PERTH,Australia,Dec. 24,2024-- Arcadium Lithium plc (NYSE: ALTM,ASX: LTM,"Arcadium Lithium"),a leading global lithium chemicals producer,today announced that it has obtaine
FIRST LEGO League INNOFest Launches Setting New Benchmarks in Hong Kong's STEAM Education

HONG KONG,Dec. 20,2024-- World Class Tests ("WCT") announced the launch of the 2024-25 FIRST® LEGO® League INNOFest ("FLL INNOFest"),a major STEAM education initiative in H
LG Innotek to Foster the Automotive Car Sensing Business into a USD 1.4 Billion Business by 2030, Led by Its RGB-IR In-Cabin camera module

Higher resolution and wider field of view,enabling driver and passenger monitoring with a single camera
INCUBASE Studio Presents the World's Largest Inflatable Bounce Party "HSBC Life The Big Bounce World Tour - Hong Kong" Grand Opening

HONG KONG,Dec. 24,2024-- INCUBASE Studio is delighted to announce the grand opening of "HSBC Life The Big Bounce World Tour - Hong Kong"! As a Guinness World Records-certified inflatable tou
Mayapada Hospitality Holding Open the first voco Hotel in Indonesia.

BALI,Indonesia,Dec. 20,2024-- Mayapada Hospitality Holding are proud to announce the opening of voco Bali Seminyak,the first voco premium brand to open in Indonesia managed by IHG Hotels & Resorts
Stena RoRo takes delivery of the battery hybrid vessel Guillaume de Normandie

GOTHENBURG,Sweden,Dec. 24,2024-- Stena RoRo has taken delivery of E-Flexer No. 12 - in a series of 15 vessels - from the Chinese shipyard CMI Jinling (Weihai). The ship is the Guillaume de Normandie a