---
title: "Mastercard, Tianxing Bank, and Kiatnakin Bank complete the second phase of the Digital Hong Kong Dollar Pilot Program"
description: "Mastercard, Tianxing Bank, and Kiatnakin Bank have completed the second phase of the Digital Hong Kong Dollar Pilot Program, exploring the application of the Digital Hong Kong Dollar and tokenized dep"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/263654967.md"
published_at: "2025-10-31T04:15:31.000Z"
---

# Mastercard, Tianxing Bank, and Kiatnakin Bank complete the second phase of the Digital Hong Kong Dollar Pilot Program

> Mastercard, Tianxing Bank, and Kiatnakin Bank have completed the second phase of the Digital Hong Kong Dollar Pilot Program, exploring the application of the Digital Hong Kong Dollar and tokenized deposits in supply chain financing between Hong Kong and Thailand. This phase focused on improving payment efficiency, transparency, and liquidity, enhancing supply chain resilience. The project tested the workflow of digital currencies, improving the transparency and speed of fund transfers. To further expand cross-border applications, it is necessary to strengthen connectivity and regulatory coordination

Mastercard, Tienstar Bank, and Kiatnakin Bank have completed the second phase of the digital Hong Kong dollar pilot program. The collaborative trial explored the application of the digital Hong Kong dollar and tokenized deposits in enhancing supply chain financing between Hong Kong and Thailand. The second phase of the trial focused on improving payment efficiency, transparency, and liquidity within a multi-tier supplier network, while also enhancing the resilience of the supply chain.

Through collaboration with the two banks, this phase of the trial examined the potential of digital currency to reshape supply chain financing by addressing the inherent issues of traditional fiat currency systems, which are slow, opaque, and costly. The project tested the workflows of the digital Hong Kong dollar and tokenized deposits, with the latter utilizing Mastercard's multi-token network to mint tokens embedded with smart contract logic. Suppliers can apply for early payments and facilitate seamless and automated fund transfers through the supply chain financing platform, enhancing the transparency, speed, and ease of accessing cash flow.

This trial highlights the potential of digital currency to achieve deep-level financing, enabling businesses to participate more broadly in global trade and drive sustainability goals. However, robust interoperability and regulatory coordination will be key to further expanding such solutions in cross-border applications. Banks need to update their systems to integrate these technologies, while regulators must also achieve cross-border interoperability to ensure that funds can flow seamlessly across different jurisdictions

### Related Stocks

- [MA.US - Mastercard](https://longbridge.com/en/quote/MA.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Zweig DiMenna Associates LLC Lowers Position in Mastercard Incorporated $MA | Zweig DiMenna Associates LLC has reduced its position in Mastercard Incorporated (NYSE:MA) by 58.1% in Q3, now holding 7 | [Link](https://longbridge.com/en/news/276125693.md) |
| Harold Davidson & Associates Inc. Has $4.03 Million Position in Mastercard Incorporated $MA | Harold Davidson & Associates Inc. increased its stake in Mastercard (NYSE:MA) by 57.6% in Q3, now holding 7,078 shares v | [Link](https://longbridge.com/en/news/276333414.md) |
| Did Ericsson Tie-Up to Power Wallets in Emerging Markets Just Shift Mastercard's (MA) Investment Narrative? | On February 18, 2026, Ericsson and Mastercard announced a partnership to integrate the Ericsson Fintech Platform with Ma | [Link](https://longbridge.com/en/news/276404758.md) |
| ZAWYA-PRESSR: EdVentures highlights impact of mastercard foundation edtech fellowship in Egypt | EdVentures, the corporate venture capital arm of Nahdet Misr Group, announced that the Mastercard Foundation EdTech Fell | [Link](https://longbridge.com/en/news/276524279.md) |
| ZAWYA-PRESSR: Destream expands to the GCC to support growing creator economy | destream, a content monetization platform, has expanded to the Gulf Cooperation Council (GCC) to support local creators  | [Link](https://longbridge.com/en/news/276232617.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.