Chainlink Facilitates Secure Exchange of Hong Kong CBDC and Australian Stablecoin

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… The post Chainlink Facilitates Secure Exchange of Hong Kong CBDC and Australian Stablecoin appeared first on Coin Edition .

Source: Coin Edition