Golden Finance reported that the Hong Kong Monetary Authority launched the eHKD pilot program in May this year to test the potential use cases of eHKD. The cross-industry alliance led by Hong Kong Telecom (06823), ZhongAn Bank, and Boston Consulting Group (BCG) completed the pilot test of "tokenized property-secured loans" and will submit a pilot program description to the HKMA at the end of this month and release a white paper after Hong Kong Fintech Week. The alliance said that the overall trial process was smooth and believed that the plan would help reduce transaction costs and speed up the lending process. Chen Weizhen, managing director and global partner of Boston Consulting Group, who is responsible for the overall design, said that digital currency has characteristics such as near-instant payment capabilities and programmability, and hopes to make full use of the potential functions of eHKD in the pilot program. The cross-industry alliance also includes VSFG and paywith.glass.