Policy & Government Impact

Contributed to this CBDC Expert Group paper comparing tokenised forms of money (retail CBDCs, reserve-backed tokens, tokenised deposits, and stablecoins), assessing their risks and business case within Hong Kong's proposed digital-money framework.

Contributed to a whitepaper on CBDC infrastructure interoperability, following the BIS "unified ledger" concept: enabling a wholesale CBDC, tokenised deposits, and tokenised assets across different blockchains to interoperate for atomic delivery-versus-payment, with design principles and a phased proof-of-concept roadmap.

Government coverage: HKMA e-HKD Pilot Programme · HSBC Summary · Paper

MAS Global CBDC Challenge Finalist (top 5% of 300+ submissions from 50+ countries) · MAS announcement · Paper

Contributed to this CBDC Expert Group paper surveying privacy-enhancing technologies for a central bank digital currency, including pseudonymisation, homomorphic commitments, ring and blind signatures, and zero-knowledge proofs. Its post-quantum section examines the threat quantum computing poses to the cryptography underpinning CBDCs and a modular migration path toward NIST-standardised, quantum-resistant (lattice-based) schemes, informed by the BIS Project Leap.

Applied forecasting to inform Hong Kong's post-pandemic tourism and visitor-experience strategy.