HKMA's EnsembleTX Launches 24x7 Settlement in Tokenised Central Bank Money

The Hong Kong Monetary Authority announces that EnsembleTX, the pilot phase of Project Ensemble, has entered a new chapter, supporting 24x7 round-the-clock settlement of interbank tokenised deposits through tokenised central bank money. Participating banks and industry pioneers have risen to 12 and 20 respectively, and the new function allows participants to settle tokenised transactions instantly outside traditional operating hours. The Hong Kong Monetary Authority will continue to deepen cooperation with the Securities and Futures Commission to promote the development of the tokenised finance ecosystem.

The Hong Kong Monetary Authority announced that Ensemble TX, the pilot phase of the Ensemble project, has entered a new chapter, supporting 24/7 round-the-clock settlement of interbank tokenised deposits through tokenised central bank money. Participating banks have increased to 12 and industry pioneers to 20, enabling instant tokenised transaction settlement outside traditional operating hours. HKMA Chief Executive Eddie Yue said the Ensemble project has in two years moved from the experimental stage to a new stage of driving commercial tokenisation applications in Hong Kong.