HSBC completes the Hong Kong Monetary Authority's "e-HKD+" experimental testing, focusing on practical issues in the digital currency ecosystem

ChainCatcher news, HSBC announced that it has recently completed the experimental testing of the Hong Kong Monetary Authority's "e-HKD+" project. HSBC's technical use cases in the "e-HKD+" project mainly focus on how to address practical issues that may arise in the design, implementation, and operation of a digital currency ecosystem. As Hong Kong continues to explore the full potential of digital currency, HSBC has not only conducted a public survey on the awareness of e-HKD but has also brought new technical and commercial insights to the potential design solutions for e-HKD.

HSBC has conducted experiments in a range of public distributed ledger technology (DLT) environments, including Arbitrum, Ethereum, Linea, and Polygon, as well as on the private distributed ledger technology (DLT) developed by HSBC on Hyperledger Besu. These results will support the Hong Kong Monetary Authority and the industry in exploring how innovative digital currencies can create value for the public in Hong Kong.