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HKMA's Ensemble TX adds 24/7 settlement in tokenised central bank money

APACSource: Hong Kong Monetary Authority

  • The Hong Kong Monetary Authority announced on 2 November 2026 that Ensemble TX, the pilot phase of Project Ensemble, now supports interbank settlement of tokenised deposit transactions in tokenised Central Bank Money (CeBM) on a 24/7 basis, and that its participating banks and industry pioneers have increased to 12 and 20 respectively.
  • Launched in November 2025, Ensemble TX initially used the HKD Real Time Gross Settlement (RTGS) system to settle interbank tokenised deposit transactions in a controlled real-value pilot, including corporate treasury management and tokenised money market fund transactions.
  • The release's Annex A lists the tokenised deposit banks newly joined in 2026 as Bank of Communications (Hong Kong), China CITIC Bank International, Industrial and Commercial Bank of China (Asia), Industrial Bank Co., Ltd. Hong Kong Branch and Nanyang Commercial Bank.

Why it matters

Banks issuing tokenised deposits in Hong Kong can now settle interbank tokenised deposit transactions in tokenised central bank money outside conventional operating hours, which the HKMA and the SFC link to round-the-clock corporate treasury management and secondary trading of tokenised funds on licensed platforms.

Read the original: Hong Kong Monetary Authority ↗

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More detail

Who is affected

Banks providing tokenised deposits in Hong Kong and settling interbank via Ensemble TX, and industry pioneers using those deposits for corporate treasury management and tokenised fund transactions.

Key dates

  • HKMA announces 24/7 interbank settlement in tokenised CeBM on Ensemble TX

What remains uncertain

  • The release does not give transaction volumes or say which specific banks have already settled transactions in tokenised CeBM outside business hours.

Key facts

Event
Pilot
Jurisdiction
APAC
Source
Hong Kong Monetary Authority
Source tier
Tier 1 · Regulator / central bank
Product
Tokenized deposits, Tokenized central bank money
How we verified this

The source says

“The Hong Kong Monetary Authority (HKMA) today (2 November) announced that Ensemble TX , the pilot phase of Project Ensemble, has entered a new chapter to support the interbank settlement of tokenised deposit transactions in tokenised Central Bank Money (CeBM) on a 24/7 basis.”

“The new capability enables participating banks and industry pioneers to leverage tokenised CeBM for the timely settlement of tokenised transactions beyond conventional operating hours, helping to meet the needs of an increasingly global and always-on digital financial market.”

“Tokenised deposits can now power around-the-clock transactions, including corporate treasury management and secondary trading of tokenised funds on licensed platforms, galvanising market liquidity and supporting investors’ risk management.”

Ms Julia Leung, Chief Executive Officer of the SFC

Verbatim from Hong Kong Monetary Authority, matched word for word against the live page on 2 November 2026.

Sources

Evidence

Confidence
High Primary source (regulator / official record); quote string-matched against the live page.
Quote verified
2026-11-02 11:57 UTC
Archived snapshot
SHA-256 0f4555b9e5ead207… · fetched 2026-11-02 · Wayback Machine copy ↗
Change log (1)
  1. 2026-11-02 Published

Full evidence record · How we label confidence

AI-assisted: the summary and analysis were drafted with AI from the primary source and checked by the editors. AI-drafted from the primary source; quote string-matched against the live source page.

Methodology · How we classify sources · Corrections · Report an error

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