PANews reported on October 9 that the Hong Kong Monetary Authority launched a digital Hong Kong dollar (eHKD) pilot program in May this year to test the potential use cases of eHKD. A cross-industry alliance led by Hong Kong Telecom, ZhongAn Bank, and Boston Consulting Group (BCG) has completed the pilot test of "Tokenized Property Secured Loans" and will submit a pilot plan description to the Hong Kong Monetary Authority at the end of this month. Publish a white paper.


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.
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