Hong Kong Monetary Authority launches DLT regulation incubator

According to BlockBeats, on January 10, the Hong Kong Monetary Authority (HKMA) announced the launch of the Distributed Ledger Technology (DLT) Regulation Incubator. The initiative aims to help banks explore the potential of DLT in a responsible manner.

The incubator is a new regulatory framework designed to help banks realize the full potential of DLT by effectively managing the associated risks. It will enhance the risk management capabilities of individual banks and the banking industry as a whole, especially in services that include both DLT and traditional banking infrastructure such as deposits and loans. Tokenized deposits will be a key focus after the incubator is launched

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This new information is not very clear to me. I think these incubators will help banks.

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Thank you for information, good to know 👍