The Bank of Thailand and the Hong Kong Monetary Authority (HKMA) has successfully wrapped up their collaborative DLT-based Project Inthanon–LionRock, a project with an objective of transforming wholesale cross-border payments with streamlined intermediation model, real-time transfer and atomic Payment-versus-Payment (PvP) settlements using Central Bank Digital Currency (CBDC). CryptoBLK is proud to collaborate with them, and a group of 8 banks from Thailand, 2 banks from Hong Kong, R3 and CH & Co. for this project, including the two previous phases since the beginning back to 2018.
Inthanon is a great demonstration of what a future DLT-based financial infrastructure will look like!
Read the Press from:
Bank of Thailand: Joint press release The Outcomes and Findings of Project Inthanon-LionRock and the Next Steps
Hong Kong Monetary Authority: The Outcomes and Findings of Project Inthanon-LionRock and the Next Steps
For further details, please refer to the Project Inthanon-LionRock report here.
You may also be interested in Phase I and Phase II reports:
Phase I report here.
Phase II report here.