HKMA announced the development of innovative financial marekt infrastructure through the Ensemble project to advance the development of the Hong Kong tokenization market, and partnered with the Bank of Thailand to explore cross-border tokenization use cases. Jing Xiandong, chairperson and CEO of Ant Group, believes that tokenization has a great impact on global cross-border transfer. At present, SMEs have many pain points in the payment experience when doing cross-border business, such as expens...
The Hong Kong Monetary Authority today announced that it is partnering with the Central Bank of Brazil to conduct a cross-border tokenization trial under the Ensemble project and the Drex pilot scheme. The two sides' experimental central bank digital currency (CBDC) infrastructure, namely the Ensemble sandbox and Drex pilot platform, will be connected to explore the use cases of cross-border simultaneous settlement (PvP) and DvP settlement in areas such as trade finance and voluntary emission re...
China Asset Management (Hong Kong) has announced its participation in the first phase of the HKMA Ensemble Sandbox Project's fixed income and investment fund use case theme. China Asset Management (Hong Kong) said it hopes to contribute to the development of Hong Kong's tokenization market through its digital asset management experience and innovation capabilities.
On August 29, the Hong Kong Monetary Authority launched the Ensemble project sandbox to promote the application of tokenization. According to the disclosed information, a total of 25 institutions participated in the first phase, including the four major banks, namely HSBC, Bank of China Hong Kong, Hang Seng and Standard Chartered, as well as Ant Digital Technology and HashKey Group. The first phase of the sandbox will focus on four major tokenized asset use case themes, namely fixed income and i...
HSBC announced that it has become one of the first Financial Institution Groups to explore use cases under the Ensemble project led by the Hong Kong Monetary Authority, and has completed a Proof-of-Concept on the use cases. The Ensemble project initially focuses on establishing relevant mechanisms to conduct interbank settlement of tokenized deposits through wholesale-level central bank digital currencies (wCBDC), in order to enhance the smoothness of the process, while promoting token...
In the first phase of the Ensemble (sandbox) project announced by the HKMA, the first domestic order based on new energy physical assets RWA completed by Ant Digital and Langxin Technology in Hong Kong was officially announced. This is one of the four tokenization theme cases in the progress of the HKMA sandbox project, and it is also the case that has attracted the most attention.
Hong Kong Securities Supervision Commission Chief Executive Officer Liang Fengyi said that the test of the Ensemble project sandbox will focus on four themes: green and sustainable finance, trade and supply chain finance, fixed income and investment funds, and liquidity management. Among these four themes, the Hong Kong Securities Supervision Commission will co-lead the tokens related to the asset management industry under the fixed income and investment fund categories...
The Hong Kong Monetary Authority today held the launch ceremony of the Ensemble project sandbox, announcing that the first phase of the trial will cover four major tokenized asset use case themes, marking an important step in the practical application of tokenization technology in the financial industry.