đ Exciting times for digital currency in Hong Kong! The HKMA has kicked off Phase 2 of its e-HKD pilot, involving 11 firms from diverse industries to explore tokenized deposits and real-world feasibility. đ
This phase will dive into settlement of tokenized assets, offline payments, and programmability. Big names like ANZ, DBS, and BlackRock are on board, with results expected by end of 2025. The project, now rebranded as "Project e-HKD+," aims to unlock the full potential of digital currencies.
Hong Kong is solidifying its status as a crypto hub, with an 85.6% market growth driven by institutional investors. #Crypto #Blockchain #eHKD
