Hong Kong Monetary Authority's Eddie Yue: The sandbox pilot for the Ensemble project is about to enter the next phase.

On November 3, "Hong Kong FinTech Week 2025" opened, and Eddie Yue, the Chief Executive of the Hong Kong Monetary Authority, stated in his speech that financial technology has now been deeply integrated into the Hong Kong banking industry, covering all retail banks. It is expected that in the next 3 years, the annual expenditure in this field will exceed HK$100 billion. Yue revealed that Hong Kong will soon launch the FinTech 2030 strategy, focusing on four strategic pillars, namely data, artificial intelligence, resilience, and tokenization. Regarding tokenization, Yue revealed that the sandbox phase of the Ensemble project will soon enter the next pilot phase, which will allow the use of digital assets, tokenized deposits, for actual value transactions. At the same time, mature real value use cases will be incubated with other regulatory agencies. Initially, the focus will be on tokenized money market funds.