HKMA Pilot Lets Banks Settle Tokenized Deposits Nights and Weekends in Central Bank Money
AI summary
The Hong Kong Monetary Authority's EnsembleTX pilot now lets 12 banks, including HSBC and Standard Chartered, settle tokenized deposits around the clock in central bank money, covering nights and weekends. The round-the-clock interbank settlement capability arrived nearly a year after the pilot went live. Traders should read this as continued institutional and central-bank backing for tokenized deposit infrastructure, a positive signal for blockchain-based settlement rails even though no specific crypto asset is named.
