- Chainlink’s CCIP is enabling tokenized cross-border currency exchange between Hong Kong’s e-HKD and Australia’s A$DC stablecoin.
- The project includes Visa, ANZ, Fidelity, and ChinaAMC, aiming to test real-time PvP settlements using blockchain infrastructure.
- Chainlink’s DTA ensures compliance and multichain execution while supporting broader CBDC development across international markets.
Chainlink has taken a central role in a new phase of Hong Kong’s central bank digital currency (CBDC) program by supporting a cross-border payment test. The trial, which enables the exchange of digital currencies between Hong Kong and Australia, uses Chainlink’s infrastructure to facilitate secure and real-time transfers.
Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is being used to enable a payment-versus-payment (PvP) settlement between the e-HKD and A$DC, a stablecoin pegged to the Australian dollar. This exchange forms part of phase two of the e-HKD pilot, which focuses on testing cross-border functionality using blockchain.
Visa, ANZ, Fidelity Join CBDC Pilot
The initiative includes participation from Visa and ANZ, the issuer of the A$DC stablecoin. Fidelity International and ChinaAMC are also involved as asset managers. The collaborative project highlights efforts to build a secure and interoperable network for international transactions involving tokenized funds.
Alongside CCIP, the project incorporates Chainlink’s Digital Transfer Agent (DTA) system. This model handles transaction execution while ensuring regulatory compliance across different jurisdictions. The DTA enables multichain operations, supporting fund management across various blockchain networks.
Chainlink Expands Role in CBDC Development
Chainlink confirmed plans to broaden its role in CBDC experiments by extending PvP workflows across the full transaction process. This expansion aims to support continuous on-chain financial activities while maintaining transaction privacy and reducing risks associated with intermediaries.
Following the announcement, Chainlink’s native token LINK recorded a modest 2 percent price increase, trading at $14.06. This movement reflects growing interest in blockchain technologies supporting central bank digital currency operations and real-time cross-border payments.
