Fresh news from Hong Kong! 🚀 The Hong Kong Monetary Authority (HKMA) has launched the second phase of the Hong Kong digital dollar (e-HKD) pilot study, now called Project e-HKD+. With 21 financial institutions working on 11 use cases, they will focus on tokenized asset settlement, programmability, and offline payments.

🔹 Visa, ANZ, and Fidelity will explore near real-time settlements for interbank transfers and cross-border payments.

🔹 DBS Bank will investigate ESG rewards platforms.

🔹 China Mobile and Bank of Communications will test offline payments with e-HKD.

The HKMA is also accepting applications for its generative AI sandbox! 💡

What do you think about these developments? Leave us your comment!