Foresight News reports that China Asset Management (Hong Kong), Visa, Australia and New Zealand Banking Group, and Fidelity International jointly released the interim report for the second phase of the Hong Kong Monetary Authority (HKMA) Digital Hong Kong Dollar + (e-HKD+) pilot program.

This sandbox aims to explore how tokenization technology can drive the development of next-generation cutting-edge payment infrastructure, including understanding the role of tokenization in facilitating transactions while ensuring financial stability and compliance.

In the next phase, sandbox participants will initiate end-to-end transaction testing to conduct an in-depth study on how tokenization technology can reduce counterparty risk associated with settlements.

Foresight News reports that China Asset Management (Hong Kong), Visa, Australia and New Zealand Banking Group, and Fidelity International jointly released the interim report for the second phase of the Hong Kong Monetary Authority (HKMA) Digital Hong Kong Dollar Plus (e-HKD+) pilot program. This sandbox aims to explore how tokenization technology can drive the development of next-generation cutting-edge payment infrastructure, including understanding the role of tokenization in facilitating transactions while ensuring financial stability and compliance. In the next phase, sandbox participants will initiate end-to-end transaction testing to conduct in-depth research on how tokenization technology can reduce counterparty risk associated with settlement.

Zhu Haokang of China Asset Management: New digital currencies such as Digital Hong Kong Dollar will further consolidate Hong Kong's position as a global leader in digital finance