ChainThink report, October 29, the Hong Kong Monetary Authority (HKMA) released the second phase report of the "e-HKD" pilot program, introducing the trial results and experiences. The HKMA stated that it will continue to advance preparatory work in policy, legal, and technical aspects, to prepare for the potential future expansion of the "e-HKD" to be used by individuals and businesses. The related preparatory work is expected to be completed by the first half of 2026, and the timing for expanding the "e-HKD" will be adjusted based on international developments, technological advancements, and market demand. The report shows that the 11 trials in the second phase cover three major innovative use cases, including tokenized asset settlement, programmability, and offline payments.

The Hong Kong Monetary Authority stated that the current demand for the "e-HKD" is focused on scenarios beyond retail, so the future development will prioritize the application of the "e-HKD" in the wholesale sector, promoting the use of the "e-HKD" for payments among financial institutions. Some financial institutions have already used the "e-HKD" in certain use cases to support the development of the tokenized ecosystem and cross-border payment scenarios, such as international trade settlements. The Hong Kong Monetary Authority will publish a set of common tokenization standards to promote the widespread application of programmability in digital currencies. These standards aim to lay the foundation for the future development and application of the "e-HKD" to meet the payment needs of individuals and businesses in Hong Kong. (Zhitong Finance)