[DBS Hong Kong Completes 'Digital HKD+' Project Test Based on Purpose-Bound Money Technology] BlockBeats News, September 16, according to the Hong Kong Commercial Daily, DBS Hong Kong announced that it has completed the second phase of the Hong Kong Monetary Authority's Digital HKD pilot program, exploring how tokenization and programmability can enhance the application of digital vouchers. This pilot project is supported by DBS Bank's tokenization services, integrating tokenization and smart contract technology with the bank's transaction services. Utilizing Purpose-Bound Money (PBM) technology, the test involved adding specific spending conditions to digital currencies such as the Digital HKD. The related applications can be extended to other reward programs, financial management, supply chain payments, and improving payment process management.