e-HKD Archives

Tokenized deposits unlock payment efficiency, reduce settlement risk: Visa

Finance

Steve Kaaru

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19 July, 2024

Tokenized deposits unlock payment efficiency, reduce settlement risk: Visa

Visa partnered with HSBC and Hang Seng Bank in 2023 on a pilot that combined the e-HKD and tokenized deposits...

Tokenization, CBDCs poised to increase Hong Kong’s GDP by $20.4 billion: study

Business

Wahid Pessarlay

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29 March, 2024

Tokenization, CBDCs poised to increase Hong Kong’s GDP by $20.4 billion: study

Experts forecast that Hong Kong could add $20.5 billion to its economy by 2032 as it ramps up CBDC and...

Hong Kong begins CBDC pilot phase 2 to explore wider use cases

Business

Wahid Pessarlay

-

21 March, 2024

Hong Kong begins CBDC pilot phase 2 to explore wider use cases

The new iteration of its CBDC, the e-HKD, intends to explore new use cases for the CBDC in retail and...

Hong Kong to launch stablecoin sandbox in Web3 push

Business

Steve Kaaru

-

7 March, 2024

Hong Kong to launch stablecoin sandbox in Web3 push

Hong Kong’s budget revealed the city is expanding its digital yuan pilot testing to allow residents to top up e-CNY...

Hong Kong wraps up first phase of CBDC pilot; next stage to explore new use cases for e-HKD

Business

Wahid Pessarlay

-

4 November, 2023

Hong Kong wraps up first phase of CBDC pilot; next stage to explore new use cases for e-HKD

Wrapping up its e-HKD pilot, Hong Kong's central bank said programmability, tokenization, and atomic settlement are the key areas that...

Hong Kong forms CBDC expert group emphasizing interoperability, privacy

Business

Wahid Pessarlay

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2 November, 2023

Hong Kong forms CBDC expert group emphasizing interoperability, privacy

Hong Kong has established an expert group for central bank digital currency comprised of academics who will focus on research,...

Standard Chartered wraps up offline e-HKD CBDC trial

Business

Wahid Pessarlay

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28 October, 2023

Standard Chartered wraps up offline e-HKD CBDC trial

Standard Chartered (Hong Kong) has completed a pilot program testing offline functionalities of a CBDC, focusing on areas with limited...

HSBC, HKUST partner on e-HKD CBDC pilot to complement banking regulator efforts

Business

Wahid Pessarlay

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22 September, 2023

HSBC, HKUST partner on e-HKD CBDC pilot to complement banking regulator efforts

HSBC and HKUST Business School collaborate on a hypothetical e-HKD pilot to aid Hong Kong Monetary Authority in CBDC development,...

Hong Kong taps HSBC, Visa firms for CBDC trials

Business

Wahid Pessarlay

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24 May, 2023

Hong Kong taps HSBC, Visa firms for CBDC trials

The Hong Kong Monetary Authority’s pilot will explore six categories of use cases, including offline payments, tokenized deposits, and settlement...

Hong Kong launches trials for more suitable use cases for e-HKD: report

Business

Wahid Pessarlay

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5 October, 2022

Hong Kong launches trials for more suitable use cases for e-HKD: report

Eddie Yue, head of the HKMA, noted that the trials would involve commercial banks and are scheduled to begin sometime...

HKMA: Hong Kong inches toward launching wholesale CBDC

Business

Wahid Pessarlay

-

27 September, 2022

HKMA: Hong Kong inches toward launching wholesale CBDC

The HKMA has not yet issued a time frame, but experts believe that a full launch could take up to...

Hong Kong central bank calls for public comments on its retail digital currency

Business

Wahid Pessarlay

-

3 May, 2022

Hong Kong central bank calls for public comments on its retail digital currency

The HKMA has issued a discussion paper titled "e-HKD: A policy and design perspective," where it laid out the central...

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