HSBC Completes HKMA "e-HKD+" Pilot, Focusing on Real-World Issues in the Digital Currency Ecosystem

According to ChainCatcher, HSBC has announced the recent completion of experimental testing for the Hong Kong Monetary Authority’s “e-HKD+” project. HSBC’s technical use cases in the “e-HKD+” project primarily focused on addressing practical issues that may arise in the design, implementation, and operation of a digital currency ecosystem. As Hong Kong continues to explore the full potential of digital currency, HSBC has not only conducted surveys on public awareness of the e-HKD, but also contributed new technical and business insights for potential design solutions of the e-HKD.

HSBC has conducted experiments across a range of public distributed ledger technology (DLT) environments—including Arbitrum, Ethereum, Linea, and Polygon—as well as on a private DLT developed by HSBC on Hyperledger Besu. These outcomes will support the Hong Kong Monetary Authority and the industry in exploring how innovative digital currencies can create value for the public in Hong Kong.