The Hong Kong Monetary Authority is about to launch the Ensemble project pilot program to nurture innovative tokenization use cases.

Hong Kong actively promotes the diversification of tokenized products. Deputy Treasurer of the Hong Kong Monetary Authority, Chen Haolian, announced that the Hong Kong Monetary Authority will soon launch the Ensemble project pilot program to support real transactions and continue to collaborate with industry stakeholders and other central banks to nurture innovative tokenized use cases. Chen Haolian stated that Hong Kong was the first government in the world to issue tokenized government green bonds and has announced that tokenized bond issuance will become a regular practice. The Hong Kong government will continue to closely monitor market developments and establish a regulatory system based on the principles of "same business, same risks, same rules", with a focus on risk. This system will be tailored to local conditions while adhering to international standards and practices to promote a healthy, responsible, and sustainable development of Hong Kong's digital asset market, further solidifying Hong Kong's position as an international financial center. In addition, Cyberport has launched the "Blockchain and Digital Assets Pilot Funding Programme" to promote the development and testing of high-impact blockchain and third-generation Internet (Web3.0) applications. Chen Haolian pointed out that the program provides funding support to blockchain and Web3.0 companies in the development stage to help them create innovative and impactful solutions. So far, 9 projects have been approved.