Mastercard、天星银行和开泰银行完成数码港元先导计划第二阶段

Mastercard, Tienstar Bank, and Kiatnakin Bank have completed the second phase of the digital Hong Kong dollar pilot program. The collaborative trial explored the application of the digital Hong Kong dollar and tokenized deposits in enhancing supply chain financing between Hong Kong and Thailand. The second phase of the trial focused on improving payment efficiency, transparency, and liquidity within a multi-tier supplier network, while also enhancing the resilience of the supply chain.

Through collaboration with the two banks, this phase of the trial examined the potential of digital currency to reshape supply chain financing by addressing the inherent issues of traditional fiat currency systems, which are slow, opaque, and costly. The project tested the workflows of the digital Hong Kong dollar and tokenized deposits, with the latter utilizing Mastercard's multi-token network to mint tokens embedded with smart contract logic. Suppliers can apply for early payments and facilitate seamless and automated fund transfers through the supply chain financing platform, enhancing the transparency, speed, and ease of accessing cash flow.

This trial highlights the potential of digital currency to achieve deep-level financing, enabling businesses to participate more broadly in global trade and drive sustainability goals. However, robust interoperability and regulatory coordination will be key to further expanding such solutions in cross-border applications. Banks need to update their systems to integrate these technologies, while regulators must also achieve cross-border interoperability to ensure that funds can flow seamlessly across different jurisdictions