Global finance giants Visa, ANZ, ChinaAMC, and Fidelity International complete HKMA e‑HKD cross‑border settlement pilot using Chainlink for secure, compliant, atomic transfers of regulated assets

Visa, ANZ, China Asset Management (ChinaAMC) and Fidelity International have completed a cross‑border settlement pilot under the Hong Kong Monetary Authority’s e‑HKD Pilot Programme (Phase 2 / Project e‑HKD+), using Chainlink infrastructure to move regulated digital assets and money between Australia and Hong Kong. The consortium tested how an Australian investor could use tokenized bank deposits, ANZ’s A$DC stablecoin or a hypothetical/wrapped e‑HKD to purchase tokenized money market fund units from Hong Kong‑based asset managers, with transactions settled atomically and near‑instantly across different blockchains. Under the pilot, Chainlink’s Cross‑Chain Interoperability Protocol (CCIP) connected ANZ’s private, permissioned DASChain network with the public Ethereum Sepolia testnet, enabling secure cross‑chain messaging and value transfer while keeping the underlying assets within regulatory perimeters. Chainlink’s infrastructure also provided an Automated Compliance Engine (ACE) for identity and eligibility checks across networks, and a Digital Transfer Agent (DTA) standard to issue tokenized fund units based on on‑chain net asset value (NAV) data, supporting near real‑time fund subscriptions and redemptions. The flows combined payment‑versus‑payment (PvP) and delivery‑versus‑payment (DvP) smart contracts so that cash and assets moved simultaneously, reducing settlement and counterparty risk. This experiment is part of the HKMA’s broader exploration of central bank digital currencies (CBDCs), tokenized deposits and tokenized funds, and it is one of 11 consortia selected for Phase 2 of the e‑HKD+ program focused on tokenized assets, programmability and digital money applications. By demonstrating compliant, atomic cross‑border settlement between a private bank chain and a public testnet, the pilot addresses a key challenge for institutional adoption: interoperability between traditional finance infrastructure and public blockchain networks. If such architectures are scaled, they could shorten fund settlement cycles from two‑to‑three days to seconds, reduce reliance on intermediaries and nostro accounts, and inform how regulators design future frameworks for CBDCs, stablecoins and tokenized securities in cross‑border markets.

✨ AI-generated background, compiled from web sources — not editorial content.

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