HKMA: Digital Hong Kong Dollar to Be Extended to Individual Use, Preparatory Work Expected to Be Completed in the First Half of Next Year

Techub News, according to a report from Ta Kung Wen Wei, the Hong Kong Monetary Authority (HKMA) stated in its "Project Ensemble - Sandbox for Wholesale CBDC" Phase 2 Report that eleven pilot groups have participated in the second phase, covering three major themes: tokenised asset settlement, programmable payments, and offline payments. The report emphasized that the "digital Hong Kong dollar" will gradually expand to the individual user level. Preparations for related technology, legal, and commercial mechanisms are expected to be completed in the first half of 2026, at which time broader application channels can be provided to the public and enterprises.