Chainlink Facilitates Secure Exchange of Hong Kong CBDC and Australian Stablecoin
- Chainlink CCIP enabled a direct swap between Hong Kong’s e-HKD CBDC and ANZ’s A$DC.
- Visa, ANZ, China AMC, and Fidelity joined Hong Kong’s e-HKD+ Phase 2 pilot program.
- The pilot showcased real-time cross-border settlement using smart contracts and tokenization.
Hong Kong’s financial sector has taken a major step toward modernizing cross-border payments. Chainlink has enabled the secure exchange of a Hong Kong central bank digital currency (CBDC) and an Australian dollar stablecoin using its Cross-Chain Interoperability Protocol (CCIP).
This transaction is part of Phase 2 of the e-HKD+ Pilot Program, an initiative led by the Hong Kong Monetary Authority (HKMA) to test the practical applications of a digital Hong Kong dollar. This blockchain-powered experiment involved leading financial firms, including Visa, ANZ, China Asset Management Company (China AMC), and Fidelity International.
Cross-Border Payments Streamlined by Blockchain Protocols
Chainlink’s CCIP facilitated and secured the transfer between Hong Kong’s e-HKD and the Australian dollar stablecoin (A$DC) issued by ANZ. Through the pilot platform, smart contracts and blockchain compat…
The post Chainlink Facilitates Secure Exchange of Hong Kong CBDC and Australian Stablecoin appeared first on Coin Edition.
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Chainlink Facilitates Secure Exchange of Hong Kong CBDC and Australian Stablecoin
- Chainlink CCIP enabled a direct swap between Hong Kong’s e-HKD CBDC and ANZ’s A$DC.
- Visa, ANZ, China AMC, and Fidelity joined Hong Kong’s e-HKD+ Phase 2 pilot program.
- The pilot showcased real-time cross-border settlement using smart contracts and tokenization.
Hong Kong’s financial sector has taken a major step toward modernizing cross-border payments. Chainlink has enabled the secure exchange of a Hong Kong central bank digital currency (CBDC) and an Australian dollar stablecoin using its Cross-Chain Interoperability Protocol (CCIP).
This transaction is part of Phase 2 of the e-HKD+ Pilot Program, an initiative led by the Hong Kong Monetary Authority (HKMA) to test the practical applications of a digital Hong Kong dollar. This blockchain-powered experiment involved leading financial firms, including Visa, ANZ, China Asset Management Company (China AMC), and Fidelity International.
Cross-Border Payments Streamlined by Blockchain Protocols
Chainlink’s CCIP facilitated and secured the transfer between Hong Kong’s e-HKD and the Australian dollar stablecoin (A$DC) issued by ANZ. Through the pilot platform, smart contracts and blockchain compat…
The post Chainlink Facilitates Secure Exchange of Hong Kong CBDC and Australian Stablecoin appeared first on Coin Edition.
Read More
Tether/Circle Stablecoin Supply Growth Signals Strong Liquidity Backing Crypto Rally