According to Techub News, the Hong Kong Monetary Authority today launched the second phase of the "Digital Hong Kong Dollar" pilot program to further explore new digital currencies that can be used by individuals and businesses, including "Digital Hong Kong Dollar" and tokenized deposits. The project name has been changed to "Digital Hong Kong Dollar +".

The 11 selected institutions will conduct innovative use case research in three major areas: tokenized asset settlement, programmability, and offline payments.