Hong Kong has commenced a live pilot program for tokenized deposits, aiming to integrate digital assets into traditional banking systems. This initiative, utilizing the digital Hong Kong dollar (e-HKD+) infrastructure, focuses on tokenized money market funds and real-time liquidity management. The pilot, set to run until 2026, will explore blockchain-based digital settlement, traditional banking integration, and enhanced security protocols. The Hong Kong Monetary Authority (HKMA) is spearheading the project, addressing regulatory compliance, technical infrastructure, and cybersecurity challenges. By eliminating intermediaries, tokenized deposits promise faster transaction settlements, improved transparency, and reduced costs. This program is expected to yield insights into the future of digital banking and potentially establish a global benchmark for financial innovation.