This highlights Chainlink’s role in a pilot program exchanging Hong Kong’s e-HKD CBDC and an Australian dollar stablecoin, leveraging its Cross-Chain Interoperability Protocol (CCIP) with partners like Visa, Fidelity, and China AMC, a move that builds on the Hong Kong Monetary Authority’s Phase 2 e-HKD+ initiative started in 2024 to test real-time cross-border settlements.
This pilot demonstrates a significant leap in blockchain interoperability, reducing traditional cross-border payment delays (e.g., T+2 settlement cycles) to near-instantaneous transactions, supported by a 2024 World Economic Forum report estimating tokenized assets could unlock over $100 billion in annual capital efficiency.
The use of ERC-3643 token standards, designed for regulatory compliance, suggests a shift toward institutional-grade blockchain solutions, challenging the perception of cryptocurrencies as speculative by aligning with financial regulations, as noted in a 2025 Merkle Science analysis on secure tokenization.
