Hong Kong Launches 24/7 Settlement Using Tokenized Deposits on Blockchain

HIGHLIGHTS Hong Kong's Project Ensemble now supports 24/7 interbank tokenized deposit settlement using central bank money. Twelve banks and twenty industry participants now take part in Hong Kong's EnsembleTX settlement pilot. HKMA plans settlement trials involving regulated stablecoins following completed trades in tokenized Exchange Fund Bills. Hong Kong has launched 24/7 settlement for tokenized deposits under Project Ensemble, enabling participating banks to process blockchain transactions using tokenized central bank money beyond traditional banking hours for institutions.