Chainlink Powers Cross-Border CBDC Settlements for Hong Kong & Australia Pilot

Chainlink is playing a vital role in the cross-border implementation of central bank digital currencies (CBDCs) by supporting a pilot program between Hong Kong and Australia. The project uses Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enable real-time, tokenized currency exchange between Hong Kong’s e-HKD and Australia’s A$DC stablecoin. This phase two pilot aims to test the functionality of cross-border CBDCs using blockchain infrastructure, with participation from Visa, ANZ, Fidelity, and ChinaAMC. Chainlink’s Digital Transfer Agent (DTA) ensures compliance and supports transactions across multiple blockchains.