HSBC completes the "Digital Hong Kong Dollar +" experimental test and will announce research results within the year.

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According to Techub News, the Hong Kong Wen Wei Po reported that HSBC has completed the experimental testing of the Hong Kong Monetary Authority’s “e-HKD +” project, with research results to be announced within the year, along with a public opinion survey targeting local citizens. HSBC stated that the technical application tests under the “e-HKD +” project focus on the practical situations that may arise when designing, implementing, and operating a digital currency ecosystem. Additionally, HSBC surveyed over 700 respondents in Hong Kong and found that 90% of respondents agreed on the importance of privacy in e-HKD transactions; among all respondents who met the definition of professional investors, 65% were familiar with the concept of “e-HKD,” while the overall proportion of familiar respondents was 42%.

HSBC stated that based on the relevant results, it will propose recommendations for more real-world applications of digital currency under the “Digital Hong Kong Dollar +” project. In addition, HSBC has also launched a tokenized deposit service for corporate clients in Hong Kong, which is the first bank-led, blockchain-based settlement service in Hong Kong.

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