HKMA Pilot Lets Banks Settle Tokenized Deposits Nights and Weekends in Central Bank Money
The Hong Kong Monetary Authority says banks can now settle tokenized deposit trades around the clock using tokenized central bank money, within its EnsembleTX pilot. The pilot has 12 participating banks, including HSBC and Standard Chartered, plus 20 industry pioneers such as BlackRock. The move is a central-bank step toward 24/7 tokenized finance, which matters for traders watching institutional adoption.