TechFlow news, on July 10, HSBC recently announced the successful completion of experimental testing for the Hong Kong Monetary Authority's e-HKD+ project, providing key technological and commercial insights for Hong Kong's digital currency development. The tests focused on the application of digital currencies in distributed ledger technology (DLT) environments, privacy and security design, and scalability of public-private chains. A separate survey of over 700 participants revealed that 90% of respondents value transaction privacy in e-HKD, while approximately one-third are willing to use digital Hong Kong dollars for digital asset transactions. HSBC has conducted experiments across multiple public blockchains including Arbitrum and Ethereum, as well as its proprietary private blockchain, and launched Hong Kong's first bank-led blockchain settlement service—the tokenized deposit service. As Hong Kong's largest note-issuing bank, HSBC is committed to continuing its support for the city's digital currency development, with further research findings to be released within the year.
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