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HKMA: To Expand Commercial Applications of Tokenized Deposit Settlement for Investment Products
The Hong Kong Monetary Authority (HKMA) announced on November 12 that, together with the Securities and Futures Commission (SFC), it co-hosted a seminar on the 11th attended by approximately 200 industry professionals to discuss Project Ensemble and SFC-authorized tokenized investment products. The HKMA stated that it will continue to collaborate with the SFC and the industry to expand the commercial applications of settling various tokenized investment products using tokenized deposits. The announcement also noted EnsembleTX's 24/7 interbank tokenized deposit settlement and the SFC's approval of 24/7 secondary trading for tokenized money market funds; these serve as the background of the seminar rather than newly introduced rules from this meeting.
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