HKMA advances Ensemble TX pilot, using tokenized central bank money to support 24/7 settlement
金管局推进Ensemble项目试行阶段 透过代币化央行货币实现24/7结算
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The Hong Kong Monetary Authority announced that the Ensemble TX pilot phase will introduce tokenized central bank money to support 24/7 settlement of interbank tokenized deposits. The number of participating banks has increased to 12, and the number of industry pioneers to 20; the system was launched in November 2025 and initially processed related settlements through the Hong Kong Dollar Real Time Gross Settlement system. Pilot transactions include corporate treasury management and tokenized money market fund transactions. The HKMA will continue to advance the development of related market infrastructure with the Securities and Futures Commission.
This upgrade extends interbank tokenized deposit settlement beyond traditional operating hours to 24/7 and broadens the range of participants, providing a new settlement foundation for corporate treasury management and tokenized fund transactions.
Source:HKMA — Press releases (简体中文) · hkma.gov.hk