Last week, Raymond Chan, Director of the Hong Kong Monetary Authority (HKMA), announced plans to provide Hong Kong banks with guidance on Distributed Ledger Technology (DLT) in the coming weeks. He shared this during a speech at a DLT event for financial services. The HKMA jointly organized the event with the Securities Futures Commission (SFC) and the Insurance Authority (IA).
These institutions also aim to publish research, training materials and videos to support DLT adoption.
Chan described DLT as a “paradigm-shifting innovation,” highlighting its potential to enhance security and introduce automation and efficiency through its programmability.
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