HSBC is participating in Hong Kong's Electronic Hong Kong Dollar (e-HKD) pilot program by creating tokenized Hong Kong dollar cash deposits on the Polygon PoS blockchain. HSBC has also developed HSBC Pass, a decentralized identity solution that won the Red Dot Design Award 2024.
According to the updated data on the official website of the Hong Kong Securities Supervision Commission, the application for a virtual asset trading platform license submitted by HKDAX to the Hong Kong Securities Supervision Commission has been withdrawn on October 9. It is reported that the company name of the virtual asset trading platform operator submitted by HKDAX is "Hong Kong Digital Asset Xchange Limited", and the Chinese name is not applicable. HKDAX first submitted an application for ...
The HKMA (HKMA) has launched the second phase of its Digital Hong Kong Dollar (e-HKD) pilot study, where 21 Financial Institution Groups are studying 11 use cases for central bank digital currencies and tokenized deposits. In light of the expanding scope of the project, the HKMA has renamed it the "e-HKD + Project", and the new phase of the project will have its own sandbox for about a year. The e-HKD + project will focus on three themes: tokenized asset settlement, programmability, and offline ...
JD.com has announced that it will issue a cryptocurrency stablecoin pegged 1:1 to the Hong Kong dollar (HKD) in Hong Kong. According to the official website of JD.com Coin Chain Technology (Hong Kong), a subsidiary of JD.com Technology Group, the stablecoin is issued on a public blockchain, and its reserves are composed of highly liquid and trusted assets. These assets will be safely deposited in separate accounts of the licensed Financial Institution Group, and the integrity of the reserves wil...
Visa, along with HSBC and Hang Seng Bank, has launched a trial of tokenised deposits in the Hong Kong e-HKD pilot programme. The trial covers two use cases, real estate transaction settlement and Visa card payment. Visa points out that tokenised deposits can not only improve settlement efficiency, but also innovate new business applications. HSBC's Vincent Lau said that realizing the benefits of tokenized deposits requires further development of interoperability between different banks.
Hong Kong dollar stablecoin HKDR developer RD Technologies announced that it will integrate with the decentralized computing platform Chainlink and integrate with the Cross-Chain Interoperability Protocol (CCIP). In addition, RD Technologies also announced that it will adopt Chainlink's Proof of Gold Reserve (PoR) function to provide reliable on-chain verification for HKDR's reserves. Previously, Chen Delin, former president of the Hong Kong Monetary Authority and chairperson of RD Technology, s...
港元稳定币HKDR开发商圆币科技(RD Technologies)宣布将与去中心化计算平台Chainlink整合并与跨链互操作性协议(CCIP)集成。此外,圆币科技还宣布将采用 Chainlink 的金储备证明(PoR) 功能,为 HKDR 的储备提供可靠链上验证。此前消息,香港金管局前总裁、圆币科技主席陈德霖表示已向监管机构表达意见希望在立法前以先导方式试行港元稳定币,强调发行的港元稳定币必定会符合...