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HSBC Completes Hong Kong Monetary Authority e-HKD+ Project Testing on Multiple Public Chains

TechFlowJul 10, 2025

On July 10th, HSBC recently announced the completion of experimental testing for the Hong Kong Monetary Authority's e-HKD+ project, providing important technical and commercial insights for the development of digital currency in Hong Kong. The test focused on the application of digital currency in a distributed ledger technology (DLT) environment, privacy and security design, and the scalability of public and private chains. A survey of over 700 people conducted during the same period showed that 90% of respondents value the privacy of e-HKD transactions, and about one-third are willing to use digital Hong Kong dollars for digital asset transactions. HSBC has conducted experiments on multiple public chains such as Arbitrum and Ethereum, as well as its self-developed private chain, and launched Hong Kong's first bank-led blockchain settlement service - tokenized deposit service. As the largest note-issuing bank in Hong Kong, HSBC has pledged to continue supporting the development of digital currency in Hong Kong, and more research results will be announced within the year. [Deep Tide TechFlow]

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HSBC Completes Hong Kong Monetary Authority e-HKD+ Project Testing on Multiple Public Chains

TechFlowJul 10, 2025

On July 10th, HSBC recently announced the completion of experimental testing for the Hong Kong Monetary Authority's e-HKD+ project, providing important technical and commercial insights for the development of digital currency in Hong Kong. The test focused on the application of digital currency in a distributed ledger technology (DLT) environment, privacy and security design, and the scalability of public and private chains. A survey of over 700 people conducted during the same period showed that 90% of respondents value the privacy of e-HKD transactions, and about one-third are willing to use digital Hong Kong dollars for digital asset transactions. HSBC has conducted experiments on multiple public chains such as Arbitrum and Ethereum, as well as its self-developed private chain, and launched Hong Kong's first bank-led blockchain settlement service - tokenized deposit service. As the largest note-issuing bank in Hong Kong, HSBC has pledged to continue supporting the development of digital currency in Hong Kong, and more research results will be announced within the year. [Deep Tide TechFlow]

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