e-hkd

ChainCatcher news, HSBC announced that it has recently completed the experimental testing of the Hong Kong Monetary Authority's "e-HKD+" project. HSBC's technical use cases in the "e-HKD+" project mainly focus on how to address practical issues that may arise in the design, implementation, and operation of a digital currency ecosystem. As Hong Kong continues to explore the full potential of digital currency, HSBC has not only conducted a public survey on the awareness of e-HKD but has also brought new technical and commercial insights to the potential design solutions for e-HKD.HSBC has conducted experiments in a range of public distributed ledger technology (DLT) environments, including Arbitrum, Ethereum, Linea, and Polygon, as well as on the private distributed ledger technology (DLT) developed by HSBC on Hyperledger Besu. These results will support the Hong Kong Monetary Authority and the industry in exploring how innovative digital currencies can create value for the public in Hong Kong.

ChainCatcher news, according to the Hong Kong Monetary Authority (HKMA) official website, the HKMA today launched the second phase of the "e-HKD" pilot scheme, further exploring new types of digital currencies that individuals and businesses can use, including "e-HKD" and tokenized deposits. The project name has been changed to "e-HKD+" to reflect a broader exploration of the digital currency ecosystem. 11 selected institutions will conduct innovative use case studies in three major areas: tokenized asset settlement, programmability, and offline payments. This phase of research will help the HKMA understand the design and operational issues that may arise in a digital currency ecosystem where public and private coexist.

ChainCatcher news, the Hong Kong Monetary Authority tweeted that the ongoing pilot program for the digital Hong Kong dollar (e-HKD) is exploring six use case categories, including Web3 settlement, tokenized assets, and tokenized deposits.Mastercard is exploring the potential of e-HKD in facilitating transaction settlements across different chains on Web3 platforms.In terms of tokenized asset settlements, the pilot project by Ripple and Fubon Bank demonstrates the potential of e-HKD to unlock the value of illiquid assets through real estate asset tokenization. Meanwhile, Boston Consulting Group, HKT Payment, and Za Ban are exploring tokenized asset-backed financing settled in e-HKD.In the area of tokenized deposit security, Hang Seng Bank, HSBC, and VISA are leading pilot projects that utilize tokenized deposits and e-HKD to facilitate real-time 24/7 interbank transfers.

ChainCatcher news, the Hong Kong Monetary Authority (HKMA) has released the report "e-HKD - Next Steps," which states that the HKMA has begun studying the prospects of issuing a retail CBDC (rCBDC) in Hong Kong, namely e-HKD. The HKMA will work to lay the groundwork for "the implementation and application of this currency, and conduct in-depth research and pilot programs." (Source link)

ChainCatcher news, the Hong Kong Monetary Authority (HKMA) announced today the launch of the "e-HKD" pilot program. Sixteen selected companies from the finance, payment, and technology sectors will conduct the first round of trials within this year. The program will explore potential use cases for e-HKD in six areas, including comprehensive payments, programmable payments, offline payments, tokenized deposits, Web3 transaction settlement, and tokenized asset settlement.HKMA Chief Executive Eddie Yue stated: Although the HKMA has not decided whether or when to launch e-HKD, we are pleased to initiate the e-HKD pilot program. This is a great opportunity for the HKMA to collaborate with the industry to explore innovative use cases and to prepare for the potential launch of e-HKD in the future. (Source link)

ChainCatcher news, according to sources cited by CoinDesk, Hong Kong is intensifying efforts to develop its own central bank digital currency "e-HKD" this year. Regulators have assigned the implementation work to licensed banks in Hong Kong and have left the choice of centralized or decentralized forms to the banks.The source also indicated that at least one large bank is inclined to develop the e-HKD on a licensed blockchain, and unlike the digital renminbi from the People's Bank of China, the architecture of the CBDC launched by Hong Kong has not been determined by the Chinese authorities. (Source link)

Chain Catcher News, Hong Kong Monetary Authority President Eddie Yue stated that the HKMA will launch a series of pilot programs with banks and technology companies to test the digital currency (e-HKD) starting in the fourth quarter. These trials aim to find the best use cases for CBDC in Hong Kong.Eddie Yue said in an interview, "Hong Kong's electronic retail payment system is already very diverse, very convenient, and very cheap. If we want the public to adopt e-HKD, we need to have a suitable use case that can demonstrate the advantages of CBDC, whether it is more convenient or cheaper." (South China Morning Post)