Hong Kong Launches Pilot Program for Real-Value Tokenized Transactions

Hong Kong is taking a significant step forward in the adoption of tokenized transactions by launching EnsembleTX, a pilot program that shifts from experimental to live real-value settlements. Early focus will be on money market funds and treasury management within the financial system for banks. This pilot aims to facilitate faster, more transparent settlement using digital assets and tokenized deposits through the Hong Kong Real Time Gross Settlement (RTGS) system by 2026. Over time, the platform will enable 24/7 settlement in tokenized Central Bank Money, fostering innovation in the city’s burgeoning tokenization ecosystem.