The HKMA's "Ensemble" project, which aims to build a tokenisation ecosystem, has entered the practice run phase. To this end, the authorities launched the "EnsembleTX" interoperability platform on November 13, 2025. Yu Weiwen, chief executive of the HKMA, said this marked a key moment in Hong Kong's tokenisation journey, from proof-of-concept to real transactions.
The HKMA's "Fintech 2030" vision announced in early November mentioned that Ensemble has entered the practice run stage, which aims to allow banks and market participants to use tokenized deposits and assets to cultivate real-value tokenized use cases through Hong Kong's existing payment system.
Hong Kong Tokenization Project Ensemble Upgraded to Real Trading
2025-11-17 01:12:51
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