Altcoins News

Story: Hong Kong and Australia Use Chainlink for Cross-Border Payments

By Evie Vavasseur

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Chainlink's Cross-Chain Protocol Powers International Transfers. In a new phase of Hong Kong’s e-HKD CBDC project, Chainlink’s Cross Chain Interoperability…

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How the Pilot Works. The pilot forms part of Phase 2 of the e-HKD CBDC project, overseen by the Hong Kong Monetary…

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A Broader Move Toward Global Tokenized Payments. Chainlink’s CCIP is gaining traction among financial institutions.

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LINK Price Sees Small Boost. Following the public announcement of the Hong Kong–Australia pilot, Chainlink’s native token LINK…

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What's Next for Chainlink?. Chainlink plans to continue expanding its support for CBDC-related use cases.

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A New Era of Financial Infrastructure. Chainlink’s involvement in real-world cross-border fund transfers marks a significant shift in how…

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Chainlink is now taking a major role in one of the most important developments in global finance—cross-border central bank digital currency (CBDC) transfers.

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As more countries explore digital currency solutions, Chainlink’s tools are proving to be essential in building a seamless global financial system.

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In a new phase of Hong Kong’s e-HKD CBDC project, Chainlink’s Cross Chain Interoperability Protocol (CCIP) has been selected to support real-time tokenized transfers between Hong…

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The collaboration brings together major financial institutions including Visa, ANZ Bank (which issues A$DC), and asset managers Fidelity International and ChinaAMC.

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Chainlink's involvement doesn’t end at data routing. The project is also using Chainlink’s Digital Transfer Agent (DTA)—a protocol designed to enable cross-chain fund operations…

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Using Chainlink’s CCIP, the system executes Payment-versus-Payment (PvP) transactions. These allow simultaneous settlements in two currencies—one from each jurisdiction—reducing…

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The inclusion of the DTA ensures these multi-chain transfers comply with both local and international regulatory standards, which is critical as financial markets transition from…

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The goal is to establish a secure, private, and scalable infrastructure that could power 24/7 cross-border transactions in the near future.

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Chainlink’s CCIP is gaining traction among financial institutions. Just last month, World Liberty Financial tapped Chainlink to support cross-chain transfers of their stablecoin…

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