Hong Kong Monetary Authority: The total amount of payment and foreign exchange transactions of the prototype mBridge platform of commercial banks in four regions exceeded HK$171 million

According to official news, the Hong Kong Monetary Authority stated that the mBridge project is a key measure in the HKMA's "FinTech 2025" strategy. It was jointly initiated by the HKMA, the Hong Kong Center under the Bank for International Settlements (BIS) Innovation Hub, the Bank of Thailand, the Digital Currency Research Institute of the People's Bank of China, and the Central Bank of the United Arab Emirates. During the six-week trial period, commercial banks in the four regions used the mBridge platform prototype to conduct more than 160 payment and foreign exchange transactions with a total amount of more than HK$171 million. (Hong Kong Monetary Authority)