Hong Kong Monetary Authority expands EnsembleTX to support 24/7 settlement of tokenized deposits

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Hong Kong Monetary Authority has expanded EnsembleTX to support participating institutions in using tokenized central bank money (CeBM) for 24/7 interbank settlement of tokenized deposits. The pilot currently involves 12 banks and 20 industry pioneers, with settlement covering overnight hours and public holidays. PantherTrade, a subsidiary of Futu, also used HK$1 million in tokenized deposits to purchase units in a tokenized money market fund.