Golden Finance reports that Hong Kong has set up a “regulatory incubator” to promote the proper adoption of blockchain technology by banks, as the region continues its efforts to become a cryptocurrency hub. On Wednesday, the Hong Kong Monetary Authority, the de facto central bank, announced that the incubator is designed to help banks manage the risks associated with experimenting with blockchain, or DLT, implementations. The Hong Kong Monetary Authority said the incubator will focus on tokenized deposits as the program aims to address potential risks as banks shift to producing related services such as deposits and loans that will “span both DLT-based and traditional banking infrastructure. ".