The Hong Kong Monetary Authority tweeted that the ongoing digital Hong Kong dollar (e-HKD) pilot program explores six use case categories, including Web3 settlement, tokenized assets, and tokenized deposits.
Mastercard is exploring the potential of e-HKD in facilitating the settlement of transactions on Web3 platforms across different chains.
In terms of tokenized asset settlement, Ripple and Fubon Bank’s pilot project demonstrates the potential of e-HKD to unlock the value of illiquid assets through real estate asset tokenization, while Boston Consulting Group, HKT Payment and Za Bank are exploring tokenized asset-backed financing with e-HKD to settle transactions.
Regarding deposit tokenization, Hang Seng Bank, HSBC and VISA are taking the lead in piloting, leveraging tokenized deposits and e-HKD to facilitate real-time 24/7 interbank transfers.
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Hong Kong Monetary Authority: e-HKD pilot program includes Web3 settlement, tokenized assets and tokenized deposits
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