DBS Hong Kong completes the second phase of digital Hong Kong dollar test and issues ESG digital coupons

According to Wu Said, DBS Hong Kong announced the completion of the second phase of the Hong Kong Monetary Authority’s “Digital Hong Kong Dollar” pilot program. The test uses programmable tokenization technology (PBM) to issue ESG digital coupons for use by designated merchants. The pilot is supported by DBS Token Service and cooperates with the ESG platform "ZERO2" under Kuwa Co., Ltd. Participants can receive coupons after completing environmental protection tasks. After the merchant writes off, they will receive analog digital Hong Kong dollars and can be redeemed instantly through "Fast Transfers" (FPS).