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Aptos Joins HK’s e-HKD+ Project to Boost Tokenized Finance

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Aptos Labs Joins Hong Kong’s Project e-HKD+

Aptos Labs has joined Project e-HKD+, an initiative backed by Hong Kong’s central bank. It collaborates with the Hong Kong Monetary Authority (HKMA), Hang Seng Bank, and Boston Consulting Group (BCG). The project tests real-world uses of tokenized funds through the city’s experimental digital currency, e-HKD.

The pilot showed how programmable money and tokenized assets work on the Aptos blockchain. It achieved instant atomic settlement, built-in compliance, and faster cross-border fund allocation.

Aptos Labs said the project doubled fund allocation between investors in Hong Kong and mainland China. The tests also revealed a rise in investor demand for tokenized financial products. Confidence grew in programmable digital money as a base for transparent, efficient markets.

Aptos Labs was the only public blockchain included in HKMA’s e-HKD+ program, Industry Forum, and Programmability Working Group.

Aptos’ Digital Money Initiatives in Asia

Aptos’ role in Hong Kong’s digital currency project follows a recent partnership with Reliance Jio, India’s largest mobile carrier. Earlier this month, Jio launched a blockchain rewards program for 9.4 million beta users.

The program uses Aptos technology to handle high-volume, low-latency transactions across Jio’s digital ecosystem.

These developments highlight Aptos expanding its presence in Asia’s digital finance sector. It runs government-level money pilots in Hong Kong and supports blockchain rewards for millions in India.

Marcel
Marcelhttps://cryptonewspub.com/
Marcel is the enthusiastic owner and editor-in-chief of CryptoNewsPub, the go-to source for the latest news, sharp analyses, and groundbreaking insights into the world of cryptocurrency and blockchain. With his passion for decentralization and innovation, he makes complex developments clear and accessible to both novice crypto enthusiasts and seasoned traders. Marcel’s articles inspire, inform, and empower you to embrace the digital financial revolution with confidence.

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