Hong Kong’s e-HKD Pilot Achieves Major Milestone in Cross-Border Tokenized Settlement

A recent Hong Kong Monetary Authority (HKMA) report details the successful completion of Phase 2 of its e-HKD pilot program, highlighting a significant advancement in cross-border settlement using tokenized assets and digital currencies. This groundbreaking initiative was enabled by Chainlink’s Cross-Chain Interoperability Protocol (CCIP), alongside collaborations with ANZ, Fidelity International, China AMC, and Visa. The pilot focused on enabling Australia-based investors to purchase tokenized money market fund units from Hong Kong-based managers using e-HKD and tokenized deposits, bridging the gap between digital currencies and regulated assets.