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Hong Kong’s central bank is advancing its digital currency trials with Chainlink’s technology, enabling cross-border swaps of e-HKD for Australia’s A$DC stablecoin. The pilot aims to slash settlement times from days to seconds, showcasing blockchain’s potential for central bank collaboration. Major players like Visa, ANZ, and Fidelity are participating in this high-stakes test.
- Chainlink’s CCIP enables real-time cross-border swaps of e-HKD and A$DC, potentially reducing settlement times from days to seconds.
- Visa, ANZ, and asset managers Fidelity and ChinaAMC are key participants, signaling the pilot’s commercial significance.
- The pilot uses a Payment-versus-Payment model to ensure atomic settlements, minimizing counterparty risk.
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