HSBC Bank Completes Hong Kong Monetary Authority's 'e-HKD+' Pilot Test, Focusing on Real-World Issues in the Digital Currency Ecosystem

July 10th - HSBC Bank announced that it has recently completed the Hong Kong Monetary Authority's "e-HKD+" project pilot test. In the "e-HKD+" project, HSBC Bank's technical use case mainly focuses on how to address practical issues that may arise in designing, implementing, and operating a digital currency ecosystem. As Hong Kong continues to explore the full potential of digital currency, HSBC Bank has not only conducted a public survey on the awareness of the e-HKD but has also brought new technological and business insights to potential design schemes for the e-HKD.

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