HKMA Advances "Project Ensemble" to New Phase, Using Tokenized Central Bank Money as Cross-Border Settlement Foundation
The Hong Kong Monetary Authority (HKMA) announced on Monday that it is advancing "Project Ensemble" to a new phase, where tokenized central bank money will serve as the foundational layer for 24/7 cross-border settlements. This follows Hong Kong's earlier plans to launch a tokenized gold project representing standard 400-ounce gold bars. On Monday, the HKMA also completed its first interbank pilot transaction for tokenized gold, aiming to enhance Hong Kong's position as a hub for digital assets and gold trading.
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