The Hong Kong Monetary Authority plans to launch a wholesale central bank digital currency (wCBDC) by the end of this year under Project EnsembleTX. The instrument is intended to support interbank settlement of tokenized government bonds and enable 24-hour settlement for tokenized deposit transactions. It would address the current limitation of cross-bank settlements relying on the RTGS (real-time gross settlement) system, which operates only during business hours. Project EnsembleTX entered its real transaction pilot phase in late 2025, and the authority also aims to extend the wCBDC to off-hours derivatives settlement at the Hong Kong Exchange (HKEX), with real-money transactions targeted within the year.