The Hong Kong Monetary Authority announced on November 2 that the EnsembleTX pilot now enables round-the-clock interbank settlement of tokenized deposit transactions using tokenized central bank money. The controlled initiative, involving 12 banks and 20 industry pioneers, extends access to cash settlement beyond conventional operating hours for corporate treasury management and tokenized fund transactions. BlackRock, Ant International and China Asset Management Hong Kong are among the participating firms, while Bank of China Hong Kong, China Construction Bank Asia, ICBC Asia, Standard Chartered Hong Kong and HSBC provide tokenized deposits. Separate trials involving regulated stablecoins are planned but have not yet begun, and continuous settlement does not mean that every fund will be tradable around the clock.
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