ConsenSys, the US based blockchain focused firm, has been awarded a central bank digital currency (CBDC) venture by the Hong Kong Monetary Authority (HKMA).
The project aims to build a trans-border payment ecosystem with Thailand as the second stage of Project Inthanon-LionRock. ConsenSys will work in tandem with consulting firm PwC and FinTech Forms HK for the Hong Kong project.
Project Inthanon-LionRock was established in 2019 by the HKMA and Bank of Thailand to study the benefits of distributed ledger technology (DLT) in trans-border money remittance.
Inthanon is Thailand’s distributed ledger technology (DLT) CBDC program, the equivalent of Hong Kong’s LionRock.