Hong Kong Monetary Authority Enables 24/7 Tokenized Deposit Settlement
Photo: TokenPost
On Nov. 2, the Hong Kong Monetary Authority (HKMA) enabled round-the-clock interbank settlement of tokenized deposit transactions in its EnsembleTX pilot, extending settlement beyond conventional operating hours. The pilot has 12 participating banks and 20 industry participants. Banks use tokenized central bank money to settle the deposit transactions, allowing them to complete transfers at any hour. EnsembleTX is the pilot phase of Project Ensemble. It began in November 2025 with real-value transactions involving tokenized deposits and digital assets in a controlled setting. At that stage, interbank settlement used Hong Kong’s real-time gross settlement system.
Source: TokenPost
