The Banque de France (BDF) and the Hong Kong Financial Authority (HKMA) have introduced a collaboration on wholesale central financial institution digital forex (wCBDC). This partnership contains the HKMA’s involvement in Wave 2 of the European Central Financial institution’s Eurosystem exploratory work. The establishments signed a Memorandum of Understanding (MoU) to innovate in wCBDC and tokenization markets, specializing in interoperability between their infrastructures—BDF’s DL3S and HKMA’s Ensemble Sandbox. The collaboration goals to boost real-time cross-border and cross-currency funds, optimizing settlement effectivity, and facilitating interoperability between monetary market infrastructures. Denis Beau, BDF’s first Deputy Governor, and Howard Lee, HKMA’s Deputy Chief Government, emphasised the initiative’s potential to advertise monetary inclusion and advance the worldwide tokenization market.