Hong Kong and Brazil have announced a significant partnership to explore cross-border tokenization initiatives. The collaboration aims to leverage central bank digital currency (CBDC) infrastructures, integrating the Ensemble Sandbox and Drex pilot platform for innovative financial solutions. This joint venture will investigate payment-versus-payment and delivery-versus-payment settlement use cases, with potential applications in trade finance and carbon credits.

Source: https://Blockchain.News/news/hong-kong-brazil-collaborate-cross-border-tokenization