Project Ensemble to scale up, with tokenized deposit settlement now operating around the clock
Project Ensemble Seeks Scale After Tokenised Deposits Go 24/7
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Project Ensemble plans to introduce more tokenized use cases to scale up transactions. The Hong Kong Monetary Authority said its EnsembleTX pilot now supports 24/7 interbank settlement of tokenized deposits. Transactions are settled in tokenized central bank money, with the pilot involving 12 participating banks and 20 industry pioneers. Two other tokenized money market funds recognized by the Securities and Futures Commission of Hong Kong began 24/7 secondary-market trading on licensed virtual asset trading platforms on October 26.
The material shows how tokenized deposit settlement could connect with trading in tokenized investment products, helping readers understand the path Project Ensemble is taking from pilot to broader commercial applications.
Source:Fintech News Hong Kong · fintechnews.hk