According to the HKMA, Ensemble’s trial will run until 2026, testing cross-bank HKD RTGS settlement and round-the-clock tokenized central bank currency settlement.
The Hong Kong Monetary Authority has begun the trial phase of its Ensemble project, which will run until 2026 and focus on tokenized deposits and digital assets. The pilot includes cross-bank settlement via the HKD RTGS system and aims to enable 24/7 settlement of tokenized central bank currency. This initiative is part of HKMA’s efforts to modernize and digitize financial infrastructure within a regulated environment.