- Ripple and Taiwan’s Fubon Bank choose UK consultancy Kodelab for CBDC pilot with HKMA
- Pilot aims to integrate simulated CBDC and tokenized real estate in mortgage lending
- HKMA follows a three-rail approach to digital currency development
- Rail one establishes legal and technological frameworks for CBDCs
- Rail two involves industry pilots and addresses design issues
- Depending on progress, the two rails may merge, revealing a final issuance timeline
- Kodelab’s technology enables “ultra-flexible credit” using real estate as collateral
- Bank View product applied to the pilot, with Fubon Bank as administrator and HKMA as overseer
- Kodelab experimented with two-tier indirect CBDC models to prevent mass capital flight from fiat accounts
- Central bank issues digital currency, while distribution is facilitated through intermediaries
