๐๐ฆ๐๐ ๐๐ถ๐ป๐ธ๐ ๐๐ผ๐ป๐ด ๐๐ผ๐ป๐ดโ๐ ๐-๐๐๐ ๐๐ผ ๐๐๐ต๐ฒ๐ฟ๐ฒ๐๐บ ๐ก๐ฒ๐๐๐ผ๐ฟ๐ธ
โ HSBC has officially tested Ethereum and other public blockchains as part of Hong Kongโs Project e-HKD+, led by the Hong Kong Monetary Authority (HKMA).
๐ What they tested:
โข Moving and holding e-HKD on Ethereum, Polygon, Arbitrum & Linea
โข Privacy solutions like Decentralised ID & Privacy Enhancing Tools
โข Cross-chain payments between public chains (e.g., Ethereum) & private networks (built on Hyperledger Besu)
๐ HSBC also ran a survey with over 700 people:
โข 90% said privacy is the top concern for e-HKD
โข 65% of professional investors already understand e-HKD
โข Around one-third would use it for digital asset trading, mainly because it feels safer under official supervision
๐ก Why it matters:
HSBC says this work helps the HKMA explore how a digital Hong Kong Dollar could settle tokenized assets, protect user privacy, and scale up for real-world use.
๐งฉ Itโs also part of HSBCโs bigger fintech push in Hong Kong โ including Project mBridge, Project Ensemble, and the bankโs new Tokenized Deposit Service for corporate clients.
โจ In short:
HSBC isnโt just testing private blockchains โ itโs actively exploring Ethereum and major L2s to help shape Hong Kongโs next-gen digital currency landscape.