Odaily News Visa, HSBC and Hang Seng Bank are testing tokenized deposits in the e-HKD pilot program in Hong Kong. The trial covers two major use cases: real estate transaction settlement and Visa card payment. Visa pointed out that tokenized deposits can not only improve settlement efficiency, but also innovate new business applications. Last week, Visa released a report on the trial. Vincent Lau, global head of digital currency for HSBC's global payment solutions, said that realizing the benefits of tokenized deposits requires further development of interoperability between different banks. The trial showed that tokenized deposits can improve business efficiency and transparency through simplified processes, reduced manual verification and almost real-time settlement times, while blockchain technology also enhances data transparency. Despite the challenges of regulatory evolution and infrastructure construction, Visa and HSBC are optimistic about the actual effects of tokenized deposits. (Ledger Insights)