Visa Completes CBDC Pilot with Hong Kong Banks and HSBC

Visa Completes Successful CBDC Pilot in Hong Kong with HSBC

Visa has auspiciously completed the Hong Kong Monetary Authority's CBDC pilot program with HSBC and Hang Seng Bank. Involving the tokenization of deposits for near-real-time interbank transfers.

Visa's platform operated 24/7, surpassing traditional payment systems. The company is exploring tokenized asset markets and programmable finance, with the program advancing to Phase 2.