According to Odaily Planet Daily, Hong Kong digital asset technology company IDA is working with Chainlink to integrate Chainlink token asset services for the upcoming HKD 1:1 collateral stablecoin HKDA. Services include Chainlink Proof of Reserve (PoR) and Cross-Chain Interoperability Protocol (CCIP) for verifying asset collateral ratios.

This collaboration will enable HKDA users to view the on-chain reserve proof data of stablecoins through Chainlink, improving transparency. IDA plans to integrate Chainlink CCIP to achieve cross-chain HKDA and enhance its functionality and usability.

IDA is committed to promoting the adoption of blockchain finance, and HKDA is its first fiat-pegged stablecoin product based on a public chain protocol.