[The HKMA’s digital Hong Kong dollar pilot program has new progress! ] According to reports, the digital Hong Kong dollar (eHKD) pilot plan launched by the Hong Kong Monetary Authority in May this year has made new progress. A cross-industry alliance led by Hong Kong Telecom, Zhongan Bank, Boston Consulting Group, etc. has completed the "tokenized property guaranteed loan" pilot It will submit a pilot plan description to the Hong Kong Monetary Authority at the end of this month and plans to release a white paper after Hong Kong Fintech Week. The alliance stated that the trial process was overall smooth and believed that the plan would help reduce transaction costs and speed up the lending process. Digital currency has the characteristics of near-instant payment capabilities and programmability. It is hoped that the potential functions of eHKD can be fully utilized in the pilot scheme. What do you think about this? Feel free to share it in the comment area! 😉