Hang Seng Bank: Has created a private blockchain for token insurance and established a hypothetical digital Hong Kong dollar wallet to manage tokens

Bitget App

Trade smarter

Cointime2023/11/05 07:03

By:Cointime

Li Wenlong, the director of strategy and corporate development and the office of the CEO at Hang Seng Bank, announced at the Hong Kong Fintech Week forum that the bank's pilot program has created a private blockchain for token insurance and established a hypothetical digital Hong Kong dollar wallet to manage the tokens. The bank has created two use cases, including a merchant reward program and government subsidy expenditures. The former can be programmed to help small and medium-sized enterprises digitize payments with the hypothetical digital Hong Kong dollar, while the latter can easily track the effectiveness, destination, and location of subsidies, including Cyberport and the Chinese University of Hong Kong.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Looking for the best crypto to buy right now? Discover how BlockDAG is disrupting the market with massive growth past $293M raised, while Bitcoin (BTC) holds firm, and Ondo builds trust.BlockDAG Powers Ahead with $293M Raised in Presale!Bitcoin (BTC): The Bedrock of CryptoOndo Finance: Bridging TradFi With Tokenized BondsFinal Thoughts

Coinomedia•2025/06/10 21:00

Here’s Why BlockDAG’s $293M Presale Makes It the Best Crypto to Buy, Bitcoin Holds, and Ondo Plays It Safe

Guggenheim Taps XRP Ledger for Digital Debt Expansion

Guggenheim partners with Ripple to bring digital debt products to the XRP Ledger, signaling confidence in blockchain finance.Ripple Partnership Powers Blockchain IntegrationWhat It Means for Crypto and Traditional Finance

Coinomedia•2025/06/10 21:00