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 Phase 2 of the e-HKD pilot will be supported by the recently launched regulatory sandbox for testing wholesale CBDCs and tokenization, the Hong Kong Monetary Authority said.
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 The Hong Kong Monetary Authority (HKMA) has announced the commencement of Phase 2 of the e-HKD Pilot Programme, signaling a significant step in the exploration of innovative use cases for an electronic version of the Hong Kong dollar. This phase will build upon the achievements of Phase 1, which focused on studying domestic retail use cases such as programmable payments, settlement of tokenized assets, and offline payments. The enhanced e-HKD sandbox, supported by the recently launched regulator