Visa, along with HSBC and Hang Seng Bank, has successfully concluded the Hong Kong Monetary Authority’s central bank digital currency (CBDC) pilot program for e-HKD. This initiative involves deposit tokenization, offering near real-time interbank transfers and continuous 24/7 operation. The blockchain-based system ensures user privacy, and Visa plans to explore tokenized asset markets and programmable finance in the next phase.
Visa completes digital Hong Kong dollar pilot test with local banks
