Odaily Planet Daily reported that the Hong Kong Monetary Authority released the second phase report of the "Digital Hong Kong Dollar" pilot program, introducing the results and experience of the trial. The Hong Kong Monetary Authority stated that it will continue to advance preliminary preparations in terms of policies, laws and technologies in the future to prepare for the possible promotion of the "Digital Hong Kong Dollar" for use by individuals and businesses in Hong Kong in the future. The relevant preparatory work is expected to be completed in the first half of 2026, and the timing of the expansion of the "Digital Hong Kong Dollar" will be adjusted according to international developments, the latest technological developments and market demand. The report shows that the 11 groups of trials in the second phase cover three major thematic innovative use cases, including tokenized asset settlement, programmability and offline payments.

The Hong Kong Monetary Authority (HKMA) stated that demand for the "digital Hong Kong dollar" is currently concentrated outside of retail scenarios. Therefore, it will prioritize the development of the "digital Hong Kong dollar" for wholesale applications and promote its use by financial institutions for payments. Some financial institutions are already using the "digital Hong Kong dollar" in certain use cases to support the development of a tokenized ecosystem and cross-border payment scenarios, such as international trade settlement. The HKMA will publish a set of shared tokenization standards to promote the widespread use of programmable digital currencies. These standards are intended to lay the foundation for the future development and application of the "digital Hong Kong dollar" to meet the payment needs of individuals and businesses in Hong Kong. (Zhitong Finance)