Hong Kong Pilots Chainlink Protocol for Cross-Border CBDC and Stablecoin Settlement

• Chainlink enables atomic settlement for Hong Kong CBDC and Australian stablecoin pilot.
• Hong Kong’s e-HKD pilot links permissioned and public blockchains via Chainlink’s CCIP.
• Visa, ANZ, Fidelity collaborate on cross-border stablecoin tests in Hong Kong’s CBDC trial.

Hong Kong’s initiative for a central bank digital currency (CBDC) has progressed with the introduction of a cross-border pilot project. The Hong Kong Monetary Authority (HKMA) is collaborating with Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to evaluate secure transactions between the digital Hong Kong dollar (e-HKD) and a stablecoin pegged to the Australian dollar. 

This study, part of the e-HKD+ Pilot Program, unites international financial leaders such as Visa, the Australia and New Zealand Banking Group (ANZ), ChinaAMC, and Fidelity International. With the CCIP the e-HKD pilot utilises Chainlink to facilitate transactions across permissioned and public blockchains.