TechFlow news, November 13 — According to Ming Pao, the Hong Kong Monetary Authority (HKMA) announced today the launch of EnsembleTX to support real-world transactions of tokenized deposits and digital assets. Initially, EnsembleTX will focus on enabling market participants to use tokenized deposits in tokenized money market fund transactions for instant liquidity and funding management.
EnsembleTX will continue operating through 2026, laying a solid foundation for the next phase of innovation. Cross-bank settlement of tokenized deposit transactions will initially be conducted via Hong Kong's Real-Time Gross Settlement (RTGS) system. The trial environment will be progressively upgraded to support 24/7 settlement using tokenized central bank money, promoting the sustained development of Hong Kong’s broader tokenization ecosystem.
The HKMA stated that EnsembleTX is based on the sandbox trials of the Ensemble project. Since its launch in August 2024, the Ensemble project sandbox has enabled industry pioneers to conduct end-to-end testing of experimental tokenized deposits for digital asset transaction settlements.
