Chainlink Powers Cross-Chain Settlement in HKMA’s e-HKD Phase 2 Program

The Hong Kong Monetary Authority (HKMA) has unveiled a significant development within its e-HKD pilot program, leveraging Chainlink’s technology to facilitate secure cross-chain settlements. The report highlights how Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Automated Compliance Engine (ACE) enabled seamless tokenized asset settlement between participating institutions such as ANZ, China AMC, and Fidelity International. This initiative addressed critical issues in institutional tokenized transactions, including data integrity, cross-chain connectivity, and regulatory compliance.