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The report said the pilot found that an e-HKD could add value in three main areas – programmability, tokenization and atomic settlement – with the potential to facilitate faster, more cost-efficient and more inclusive transactions. However, the program's 14 pilots with 16 participating firms were conducted on a small scale
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Fubon Bank has partnered with Ripple, a blockchain company, to investigate real estate tokenization solutions as part of the Hong Kong Monetary Authority’s (HKMA) eHKD pilot program. Tokenizing property liens Fubon Bank Hong Kong’s Executive vice president and
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"While it appears that e-HKD might not have an imminent role to play in the current retail payment market, we believe prospective use cases for e-HKD can emerge quickly out of the rapid evolution, or even revolution, in the digital economy," the report HKMA's report said. Source
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Ripple will participate in the Hong Kong Monetary Authority’s (HKMA’s) digital Hong Kong dollar (e-HKD) central bank digital currency (CBDC) pilot program by showcasing a real estate asset tokenization solution. The company will reveal its new CBDC platform at the same time. Ripple will partner with Taiwan’s Fubon Bank and others
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On a permissionless chain, while the authorities could require banks to freeze accounts, if the person in question withdraws assets to a self-custody wallet, the authorities cannot seize the assets. On a permissioned chain, the authorities could seize those assets. Original Source
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