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

The HKMA's EnsembleTX pilot, now with 12 banks including HSBC and Standard Chartered, added round-the-clock interbank settlement for tokenized deposits in central bank money. The feature went live nearly a year after the pilot began, enabling banks to settle transactions nights and weekends, enhancing efficiency.