The Hong Kong Monetary Authority announces the new phase of the Ensemble project to support the real trading of tokenized deposits and digital assets.

According to the Wise Financial APP, on November 13th, the Hong Kong Monetary Authority (HKMA) announced the launch of EnsembleTX, and the Ensemble project officially entered the trial phase. This milestone marks an important step for Hong Kong in the use of tokenized deposits and digital assets for controlled trial transactions. EnsembleTX will continue to operate until 2026, laying a solid foundation for the next phase of innovation. Cross-border settlement of tokenized deposit transactions will first be carried out through the Hong Kong dollar Real-Time Gross Settlement System (RTGS). The trial environment will gradually be upgraded and optimized to support 24/7 settlement using tokenized central bank digital currencies, promoting the continuous development of a broader tokenized ecosystem in Hong Kong.