Odaily News According to the official website of the Hong Kong Monetary Authority (HKMA), the HKMA today launched the second phase of the "Digital Hong Kong Dollar" pilot program to further explore new digital currencies that can be used by individuals and businesses, including "Digital Hong Kong Dollar" and tokenized deposits. To reflect the broader exploration of the digital currency ecosystem, the project name has been changed to "Digital Hong Kong Dollar+". The 11 selected institutions will conduct innovative use case research in three major areas: tokenized asset settlement, programmability, and offline payments. This phase of research will help the HKMA understand the design and operational issues that may be faced in the public-private coexistence digital currency ecosystem.