The Hong Kong Monetary Authority said EnsembleTX, the pilot phase of Project Ensemble, can now settle tokenised deposit transactions between banks in tokenised central bank money around the clock. The upgrade removes the previous dependence on conventional operating hours of Hong Kong's HKD Real Time Gross Settlement system and expands participation to 12 banks and 20 industry pioneers. The HKMA said the infrastructure is moving from experimentation toward commercialisation, with applications including corporate treasury transfers, tokenised funds and securities trading. It has also completed trial secondary-market transactions in tokenised Exchange Fund Bills and plans to extend trials to regulated stablecoins. Standard Chartered launched a tokenised deposit product in Hong Kong on the same day, making the market its first among 55 markets for the offering; its tokens remain liabilities of the bank rather than stablecoins, and live transactions have involved China AMC, Finloop and PantherTrade, with Fireblocks and HashKey joining the wider ecosystem.