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HKMA Launches Project Ensemble Sandbox; 1st Round Covers 4 Main Themes of Asset Tokenisation Use Cases
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The Hong Kong Monetary Authority (HKMA) hosted today (28 August) the launch ceremony for Project Ensemble Sandbox and introduced four main themes of asset tokenisation use cases for the initial round of experimentation, marking a significant step forward in the advancement of tokenisation in real-world application within the financial sector. The HKMA has completed the building and setup of the Sandbox, which is designed to facilitate interbank settlement using experimental tokenised money, focusing on transactions involving tokenised assets. Participating banks from the Project Ensemble Architecture Community have connected their tokenised deposit platforms to the Sandbox, paving the way to conduct experiments for both interbank payment-versus-payment and delivery-versus-payment settlement. The initial round of experimentation will cover tokenisation of both traditional financial assets and real-world assets, focusing on four main themes: fixed income and investment funds, liquidity management, green and sustainable finance, and trade and supply chain finance. With a view to strengthening Hong Kong’s position as an international financial centre with an innovative spirit to create new economic sectors, the HKMA will continue to actively engage with the industry to gauge interest in tokenisation, develop new themes and identify further use cases for tokenisation. Of which, industry participants include BOC HONG KONG (02388.HK), HANG SENG BANK (00011.HK), HashKey Group, HSBC, Standard Chartered Hong Kong, and Ant Digital Technologies. AAStocks Financial News |
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