HKMA and Cyberport launch tConnect Launchpad to advance tokenization in Hong Kong

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HKMA and Cyberport have launched tConnect Launchpad, connecting financial institutions, technology companies, and digital asset innovators to explore and validate tokenization use cases in Hong Kong. At the same time, HKMA has advanced EnsembleTX under Project Ensemble to a new stage supporting 24/7 real-value transactions, and has completed a trial of secondary-market trading in tokenized foreign exchange fund notes with authorized dealers. Regulated stablecoins are planned to be included soon.