HKMA launches retail CBDC pilots

Hong Kong central bank will work with 16 firms, including banks and payment companies

hkma
The Hong Kong Monetary Authority

The Hong Kong Monetary Authority has launched a pilot programme for a retail central bank digital currency called e-HKD, it said on May 18.

In the next few months, the HKMA and 16 private firms will run a series of pilots to test various use cases for e-HKD. The participants include major banks and technology and payment companies.

The use cases, proposed by the participating firms, include full-fledged payments, offline payments, programmable payments, tokenised deposits, and settling both

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