PwC China partners with Hong Kong-based Xalts to explore blockchain and tokenization business opportunities

According to the official website of PwC Hong Kong, PwC China has entered into a partnership with Hong Kong-based Xalts to explore blockchain and tokenization business opportunities. Xalts is a provider of tokenized programmable asset infrastructure to help Financial Institution Groups implement tokenization and programmable asset applications in an efficient and scalable manner. It is reported that the collaboration between PwC and Xalts comes as HKMA (HKMA) launches Project Ensemble, a pilot project for wholesale central bank digital currency (wCBDC). PwC said it has seen great potential for programmable assets to bring important innovations to the financial services industry, including wholesale payments and trade finance.