Hong Kong’s e-HKD+ Pilot Program Expands, Exploring Tokenization Applications

A collaborative initiative involving Huaxia Fund (Hong Kong), Visa, ANZ Banking Group, and Fidelity International has released an interim report on the second phase of Hong Kong Monetary Authority’s (HKMA) e-HKD+ pilot program. The focus is on exploring how tokenization technology can revolutionize payment infrastructure by facilitating transactions while maintaining financial stability and compliance. The next phase will involve sandbox participants conducting real-world transaction tests to assess the impact of tokenization on reducing settlement risk associated with counterparties.