The Hong Kong Monetary Authority (HKMA) has opened applications for the second phase of its retail central bank digital currency (CBDC) trials, the eHKD. The deadline is May 17.
In October 2023 the first round of the pilot phase completed involving 16 participants across a dozen use cases. This time the HKMA wants to delve deeper into particular areas: programmability, tokenization and atomic settlement. That will involve extending some Phase 1 use cases, but it is open to applications not previously covered.
A week ago, the central bank launched Project Ensemble, a wholesale CBDC (wCBDC) project to enable interbank settlement of tokenized deposits and tokenization use cases. The wCBDC sandbox will support the retail CBDC prototyping and use case testing.
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