According to Foresight News, the Hong Kong Monetary Authority (HKMA) has launched the second phase of the digital Hong Kong dollar (e-HKD) pilot study, and 21 financial institutions are studying 11 use cases of central bank digital currency and tokenized deposits. In view of the expanding scope of the project, the HKMA renamed it the "e-HKD+ Project", and the new phase of the project will have its own sandbox for about one year. The e-HKD+ project will focus on three themes: tokenized asset settlement, programmability, and offline payments. The HKMA will work closely with selected companies for the second phase over the next approximately 12 months, with the goal of sharing the main experience of the second phase with the public by the end of 2025.