Announcement about Tendering of the Global Trade Connectivity Network (GTCN)

Announcement about Tendering of the Global Trade Connectivity Network (GTCN)

In November 2017, the Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Singapore (MAS) announced the joint development of the Global Trade Connectivity Network (GTCN), a cross-border infrastructure based on distributed ledger technology, to digitalise trade and trade finance between the two cities and potentially with an aim to expanding the network in the region and globally.

The GTCN project has entered its tendering phase. Information about the tendering is available on the Hong Kong Trade Finance Platform Company Limited (HKTFPCL) website. Information about the GTCN project, as well as the collaboration between the HKMA and MAS, may be found on the HKMA website.

Hong Kong Monetary Authority
13 February 2018