HSBC completes e-HKD technology test, 90% of respondents concerned about transaction privacy

HSBC issued an announcement, announcing that it has successfully completed technical testing and public surveys under the Hong Kong Monetary Authority's "e-HKD+" project, focusing on exploring the application possibilities of digital Hong Kong dollars (e-HKD) in the distributed ledger technology (DLT) environment, covering key dimensions such as privacy protection, scalability and multi-chain compatibility.

In the test, HSBC tested the issuance mechanism of e-HKD on mainstream public chains such as Arbitrum, Ethereum, Linea, Polygon and self-developed private chains, and evaluated its performance, interoperability and security under different blockchain infrastructures.

At the same time, HSBC also organized a public participation survey to assess the market's willingness to use e-HKD and privacy concerns. The results showed that 90% of the respondents were concerned about transaction privacy, and more than one-third of the participants expressed their willingness to use e-HKD for digital asset transactions, reflecting the market's high expectations for digital currencies that are both secure, compliant and privacy-protected.

HSBC said it will continue to accelerate the exploration of the implementation of e-HKD in real businesses such as cross-border payments, digital asset transactions, and retail scenarios based on the results of the "e-HKD+" project, and provide support for the digital upgrade of future financial infrastructure.