HKMA Pilot Lets Banks Settle Tokenized Deposits Nights and Weekends in Central Bank Money
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The Hong Kong Monetary Authority's EnsembleTX pilot has added 24/7 interbank settlement of tokenized deposits in central bank money, nearly a year after the project went live. The pilot now includes 12 banks, among them HSBC and Standard Chartered. The move allows participating banks to settle tokenized deposits during nights and weekends, extending settlement beyond traditional banking hours. This matters because continuous settlement could improve liquidity management and reduce counterparty risk for tokenized deposit transactions in Hong Kong. Observers should watch for additional banks joining the pilot and for expansion into broader tokenized asset use cases.
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Named in this story
EnsembleTX, HKMA, HSBC, Standard Chartered