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<ul class="news-points"> 
 <li><strong>Fubon Bank partners with Ripple for a real estate tokenization project.</strong></li> 
 <li><strong>The initiative comes following the launch of a digital Hong Kong dollar pilot program.</strong></li> 
 <li><strong>The test targets existing customers interested in mortgages.</strong></li> 
</ul> 
<p>Fubon Bank (Hong Kong) has revealed its plans to embark on a real estate tokenization journey in the third quarter. The bank is partnering with the renowned financial technology enterprise, <a href="https://coinedition.com/ripple-launches-ripple-cbdc-platform-to-drive-global-cbdc-adoption/" target="_blank" rel="noopener noreferrer nofollow">Ripple, to revolutionize property transactions.</a></p> 
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   <p lang="en" dir="ltr">Fubon Bank (Hong Kong) said that it will test the real estate tokenization program in the third quarter, using the Ripple CBDC platform to tokenize the property and issue loans in testing digital Hong Kong dollars to speed up the process. <a href="https://t.co/3t6HTZhdeb" target="_blank" rel="noopener noreferrer nofollow">https://t.co/3t6HTZhdeb</a></p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1685114892242804736?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 29, 2023</a> 
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<p>This initiative comes after the Hong Kong Monetary Authority launched a digital Hong Kong dollar (eHKD) pilot program. Xu Luosheng, the executive vice president of Fubon Bank, affirmed the upcoming test’s focus on repayment customers. It aims to streamline the process through Ripple’s ingenious technology that tokenizes property liens and facilitates loans in digital Hong Kong dollars dedicated to this …</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/hong-kong-bank-and-ripple-team-up-for-tokenized-real-estate-with-ehkd/">Hong Kong Bank and Ripple Team Up for Tokenized Real Estate with eHKD</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Hong Kong Bank and Ripple Team Up for Tokenized Real Estate with eHKD

Coin Edition

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