Hong Kong Taps Chainlink for Cross-Border CBDC Pilot

- Hong Kong leverages Chainlink's CCIP for cross-border CBDC. - e-HKD program enters Phase Two with major partners. On June 9, 2025, Cointelegraph reported that Hong Kong's e-HKD program has advanced, partnering with Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to test cross-border digital transactions. This pilot is a key component of Phase Two of the e-HKD initiative and also involves major partners such as Visa, Australia and New Zealand Banking Group (ANZ), ChinaAMC, and Fidelity International. The collaboration aims to explore the interaction between permissioned and permissionless blockchains. Consequently, a key pilot scenario involves an Australian investor purchasing a tokenized asset in Hong Kong using a stablecoin pegged to the Australian dollar. This transaction will be routed across multiple blockchains, culminating in the investor's wallet receiving the final asset, denominated in Hong Kong's CBDC. Chainlink's CCIP is set to facilitate communication between these diverse blockchains, and the study will employ the Ethereum testnet Sepolia. The Cointelegraph report on June 9 further detailed that the Hong Kong Monetary Authority (HKMA) initiated this second phase of the e-HKD program on September 23, 2024. The HKMA anticipates releasing findings from these studies by the end of 2025. In related news, Cointelegraph reported on June 9 that as of 20:09 UTC, Chainlink (LINK) was trading at $14.044, with its 24-hour trading volume reflecting a 0.914% change.