The HKMA and SFC hosted a seminar on Project Ensemble, focusing on tokenised deposits and investment products to expand Hong Kong's tokenisation ecosystem.
The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) co-hosted a seminar on November 11, 2026, focusing on Project Ensemble and the development of tokenised SFC-authorised investment products. The event, attended by approximately 200 industry practitioners, aimed to foster collaboration and advance Hong Kong’s tokenisation ecosystem.
The seminar followed the HKMA’s announcement during Hong Kong Fintech Week 2026 of a significant milestone for Project Ensemble. The initiative introduced Ensemble TX, enabling 24/7 interbank settlement of tokenised deposits. This advancement provides industry participants with opportunities to leverage real-time settlement capabilities and unlock new use cases for tokenisation.
In parallel, the SFC has approved round-the-clock secondary trading for tokenised money market funds. This development allows for real-time investment and return optimisation by integrating tokenised deposits with investment products, further enhancing Hong Kong’s financial infrastructure.
Looking ahead, Project Ensemble aims to scale up transaction volumes by introducing impactful tokenisation use cases that deliver tangible benefits. The HKMA and SFC plan to broaden the commercial applications of tokenised deposits to support various tokenised investment products, fostering a sustainable tokenisation market.
Mr. Nelson Chow, Executive Director (Financial Infrastructure) of the HKMA, stated, "Hong Kong is well positioned to capitalise on the tokenisation era, driven by its advanced financial market infrastructure and an expanding array of digital money options and tokenised investment products.
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