The Hong Kong Monetary Authority announces a new phase of the Ensemble project to support the real trading of tokenized deposits and digital assets.

On November 13, the Hong Kong Monetary Authority announced the launch of Ensemble, and the Ensemble project officially entered the trial phase. This milestone marks an important step for Hong Kong in conducting real transactions using tokenized deposits and digital assets in a controlled trial environment. Ensemble will continue to operate until 2026, laying a solid foundation for the next phase of innovation. Cross-bank settlement of tokenized deposits transactions will first be conducted through the Hong Kong Dollar Real Time Gross Settlement System. The trial environment will be gradually upgraded and optimized to support 24/7 settlement of tokenized central bank digital currencies, promoting the continuous development of a broader tokenized ecosystem in Hong Kong.