HSBC has completed the Hong Kong Monetary Authority's "e-HKD+" experimental testing, focusing on practical issues in the Digital Money ecosystem.

On July 10, HSBC announced that it recently completed experimental testing of the Hong Kong Monetary Authority's "e-HKD+" project. HSBC's technical use case in the "e-HKD+" project mainly focuses 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, in addition to conducting a public awareness survey on the e-HKD, has also brought new technical and commercial insights to potential design solutions for the e-HKD. HSBC has experimented in a range of public Distributed Ledger Technology (DLT) environments, including Arbitrum, Ethereum, Linea, and Polygon, as well as on a 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 money can create value for the public in Hong Kong.