Hong Kong Taps Chainlink’s CCIP for e-HKD Cross-Border Test

- Hong Kong leverages Chainlink’s CCIP in the e-HKD pilot project. - The pilot involves major partners like Visa, ANZ, ChinaAMC, and Fidelity International. Hong Kong is harnessing Chainlink's innovative Cross-Chain Interoperability Protocol (CCIP) in its latest CBDC pilot, e-HKD, which pioneers cross-border transactions. Phase 2 of Hong Kong's CBDC program, which began in September 2024, explores the interactions between permissioned and permissionless blockchains. Furthermore, key technology partners in this initiative include Visa, Australia and New Zealand Banking Group (ANZ), ChinaAMC, and Fidelity International. On June 9, 2025, Cointelegraph reported that Hong Kong's pilot project will specifically simulate a scenario where an Australian investor aims to purchase a tokenized asset in Hong Kong using a stablecoin pegged to the Australian dollar. In this simulation, Chainlink's CCIP will enable communication across the multiple blockchains involved in routing the transaction, and the pilot uses Ethereum's Sepolia testnet for the study. Consequently, the investor will receive the purchased asset in their wallet, denominated in e-HKD. This pilot program is a critical component of Phase 2 of Hong Kong’s larger CBDC initiative, aiming to showcase a reliable method for cross-border digital transactions. This method merges the control and privacy of permissioned blockchains with the expansive reach of permissionless systems, and the program is expected to reveal the results of these studies by the end of 2025. According to the latest market survey data on June 9, as of 19:09 UTC, Chainlink (LINK) was trading at $14.065, while its 24-hour volume showed a 1.458% change.