Hong Kong monetary regulator launches second phase of CBDC project
The Hong Kong Monetary Authority (HKMA) has launched the second phase of its central bank digital currency (CBDC) pilot program, rebranded as Project e-HKD+. This phase will explore advanced use cases for the e-HKD and tokenized deposits, focusing on applications for individuals and businesses. Eleven firms, including ANZ, BlackRock, and DBS, will assess the commercial viability of digital money in real-world scenarios, targeting areas like tokenized asset settlement and offline payments. An e-HKD Industry Forum will be established to facilitate collaboration among participants. A sandbox will be available for prototyping and testing use cases. The HKMA aims to share findings publicly by the end of next year, emphasizing a use-case driven approach to digital money innovation.
