The Hong Kong Monetary Authority (HKMA) has announced the successful completion of its internal phase one trial and is preparing for the second phase of the e-HKD pilot programme.
The HKMA launched the e-HKD pilot program in November 2022 to assess the commercial viability of an in-house CBDC as part of its Fintech 2025 strategy. The first phase is dedicated to researching e-HKD in six areas, including comprehensive payment, programmable payment, offline payment, tokenized deposits, Web3 transaction settlement and tokenized asset settlement.