HKMA Pilot Lets Banks Settle Tokenized Deposits Nights and Weekends in Central Bank Money

Banks in Hong Kong can now settle tokenized deposit transactions with one another 24 hours a day, seven days a week , using tokenized central bank money, the Hong Kong Monetary Authority (HKMA) announced on Monday. The new capability sits inside EnsembleTX , the live pilot of the HKMA’s Project Ensemble . The pilot now counts 12 participating banks and 20 industry pioneers . Banks named in the release include HSBC, Standard Chartered Bank (Hong Kong), Bank of China (Hong Kong), China Construction Bank (Asia) and ICBC (Asia), while Ant International, BlackRock and China Asset Management (Hong Kong) are among the pioneers.

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