HKMA Pilot Lets Banks Settle Tokenized Deposits Nights and Weekends in Central Bank Money

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• The Hong Kong Monetary Authority expanded its EnsembleTX pilot program to enable round-the-clock interbank settlement for tokenized deposits using central bank money.
• Twelve major financial institutions, including HSBC and Standard Chartered, are participating in this initiative.
• The addition of nights and weekends settlement capability comes nearly one year after the initial pilot went live in the region.

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