Ripple Labs has partnered with Fubon Bank to launch a new payment platform for a central bank digital currency (CBDC) in Hong Kong. The platform will be part of Hong Kong's new e-HKD pilot program, which aims to explore the use cases and implementation issues of e-HKD. The Ripple-Fubon Bank tie-up will offer solutions for real estate asset tokenization and equity releases using the CBDC. The CBDC platform can facilitate central banks, governments, and financial institutions to issue their own CBDCs and manage the digital currency's full life cycle.