HKMA and SFC co-host seminar to advance tokenisation and Ensemble project
Hong Kong's central bank and securities regulator co-hosted a seminar on 11 November to promote tokenisation and the Ensemble project. About 200 industry participants heard about 24/7 settlement of tokenised deposits and the approval of a tokenised money market fund for round-the-clock secondary mar
The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) jointly hosted a seminar on 11 November, focusing on the Ensemble project and tokenised SFC-authorised investment products. The event attracted about 200 industry participants, with representatives from multiple banks and industry pioneers sharing their recent experiences in tokenisation, with the aim of fostering further collaboration and advancing Hong Kong's tokenisation ecosystem.
The seminar followed the HKMA's announcement during Hong Kong Fintech Week 2026 regarding the next phase of EnsembleTX – the introduction of round-the-clock, 24/7 settlement of interbank tokenised deposits. This development provides timely opportunities for industry participants to explore new avenues under the Ensemble project. Separately, the SFC approved a tokenised money market fund for 24/7 secondary market trading, further supporting the combination of tokenised deposits and investment products to enable real-time investing and optimised returns.
Looking ahead, the Ensemble project aims to expand transaction volumes by introducing more impactful tokenisation use cases, generating tangible benefits and supporting the sustainable development of the tokenisation market. The HKMA will continue to work closely with the SFC and the industry to broaden commercial applications of tokenised deposits, supporting settlement for a variety of tokenised investment products.
Chow Man-ching, Executive Director (Financial Infrastructure) of the HKMA, said: "With advanced financial market infrastructure and an increasingly diverse range of digital currency options and tokenised investment products, Hong Kong is well placed to seize the opportunities presented by the tokenisation era. These capabilities are important public assets supporting the continued development of the tokenisation ecosystem. The HKMA will continue to work closely with the SFC to create a robust development environment and promote responsible innovation in tokenisation."
Wu Kar-lai, Executive Director of the Investment Products Division at the SFC, said: "Hong Kong's tokenisation development is moving from the experimental stage to commercial application. The next phase focuses on integrating tokenised investment products, digital currencies and financial infrastructure to achieve interoperability and drive real-world use. We are also encouraged by the strong participation and insightful discussions at the seminar. Industry feedback and collaboration are key to our future direction and turning opportunities into commercial applications."
