Chainlink Facilitates Cross-Border Fund Transfers Between Hong Kong and Australia!

Updated

June 11, 2025

Gambar Chainlink Facilitates Cross-Border Fund Transfers Between Hong Kong and Australia!

Jakarta, Pintu News – Chainlink is now playing an important role in the central bank’s digital currency (CBDC) initiative in Hong Kong, focusing on cross-border payment functions. Using Chainlink’s infrastructure, the pilot will attempt to move tokenized funds between Australia and Hong Kong.

Check out the full information here!

Chainlink Makes it Easy to Exchange Digital Currencies Across Countries

Chainlink’s Cross Chain Interoperability Protocol (CCIP) has been selected to support the exchange of tokenized funds between countries. According to a post on X by Chainlink, their CCIP will be used in a pilot program for secure exchanges between Hong Kong CBDC and Australian dollar stablecoins.

We’re excited to share that Chainlink is facilitating the secure exchange of a Hong Kong CBDC and an Australian dollar stablecoin as part of an ongoing use case in Phase 2 of the e-HKD+ Pilot Program.

Congratulations to participants @Visa, ANZ, China AMC, and Fidelity… pic.twitter.com/ts2C6Vt4Ul
— Chainlink (@chainlink) June 9, 2025

In May, World Liberty Financial selected Chainlink to enable cross-chain stablecoin transfers for USD1, demonstrating Chainlink’s growing capabilities.

The pilot is part of the second phase of Hong Kong’s CBDC project, e-HKD, with the authority looking to push the boundaries of cross-border functionality. The pilot will attempt to exchange e-HKD for A$DC, an Australian stablecoin, using blockchain technology for real-time settlement.

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Chainlink’s Involvement in the Project

The initiative involves payment processor Visa and A$DC issuer ANZ, with Fidelity International and ChinaAMC as asset managers. In addition to CCIP, Chainlink also confirmed that this use case relies on their Digital Transfer Agent (DTA) solution to enable multichain fund operations.

Going deeper, Chainlink’s CCIP will facilitate Payment-versus-Payment (PvP) mechanisms for cryptocurrency exchanges. In addition, execution will be handled through the DTA model, ensuring compliance across multiple jurisdictions and token standards.

LINK Price Reaction and Project Expansion Plan

According to the blog post, Chainlink plans to expand its involvement in the CBDC initiative. To start, participants will work to expand PvP workflows across the transaction lifecycle, with Chainlink playing a central role. The expansion of PvP across the lifecycle offers several benefits, including the potential for an on-chain marketplace that operates 24/7.

In addition, the blockchain-based environment will maintain user privacy while reducing counter-party risk. The price of LINK has risen by almost 2% following news of the pilot project. LINK is currently trading at $14.06, following the broader enthusiasm of the cryptocurrency market. Crypto prices are rallying amid growing speculation that the price of Bitcoin will hit $110,000 before the end of the week.

Conclusion

With advances in technology and collaboration between financial institutions and technology, projects like this show great potential in accelerating and securing cross-border financial transactions. Chainlink, with its tools and protocols, is at the forefront of this innovation, paving the way for a more integrated and efficient financial future.

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