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…
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