A new report from Visa highlights payments innovations stemming from the Hong Kong Monetary Authority (HKMA) e-HKD+ Pilot Programme, including how Chainlink’s Cross-Chain Interoperability Protocol (CCIP) enables the simulated secure exchange of ANZ Bank’s A$DC stablecoin with Hong Kong’s e-HKD CBDC to purchase Fidelity International’s simulated tokenized fund.
The use case demonstrates how an Australian investor can use A$DC to purchase tokenized money market fund units from Hong Kong using the Visa Tokenized Asset Platform (VTAP) and Chainlink to ensure secure interoperability and compliance.
Tokenized real-world assets represent traditional financial assets such as cash, debt, securities, commodities, and real estate as unified golden records onchain with benefits such as fractionalization, programmability, and atomic settlement. Because tokenized assets can significantly improve liquidity, transparency, and risk management, the space could reach $10 trillion by 2030.
Similarly, Citi Institute estimates the market size for stablecoins, which streamline the purchase of tokenized assets, could grow to $3.7 trillion by 2030.
CCIP leverages Chainlink’s industry-leading decentralized oracle network, which has enabled over $21 trillion in transaction value across 50+ blockchain networks, to achieve the highest level of cross-chain security backed by a separate Risk Management Network that independently monitors for suspicious activity and safeguards against cross-chain exploits that have cost the industry over $2.8 billion.
An official Chainlink blog post details how the Fidelity International and ANZ use case leverages CCIP and Chainlink’s Digital Transfer Agent (DTA) solution to demonstrate how secure, privacy-preserving, compliance-ready infrastructure can streamline tokenized fund operations at scale.
“As this technology progresses and becomes further integrated into market infrastructure, scaling adoption would lead to new distribution channels, investment opportunities and operational advantages,” said Emma Pecenicic, Fidelity International’s Head of Digital Propositions and Partnerships, Asia Pacific ex-Japan.
“We’re excited to be working with Chainlink to enable the simulated seamless exchange of our Australian dollar stablecoin (A$DC) with Hong Kong’s e-HKD CBDC across blockchains and borders,” said Richard Schroder, Head of Digital Asset Services at ANZ.
“We are testing the Chainlink interoperability standard to abstract away the complexities of onchain transactions via Programmable Token Transfers and by fostering collaboration across the multi-chain ecosystem, we aim to spur the growth of the digital asset space.”