Xing Guiwei

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Hong Kong opens round-the-clock settlement for tokenised deposits

Overseeing BOCHK's Ensemble TX transactions

Hong Kong's interbank settlement used to stop when the banking day ended. On November 2, the Hong Kong Monetary Authority said its Project Ensemble pilot can now clear tokenised deposit transfers between banks around the clock, using tokenised central bank money as the settlement asset.

Updated 59 minutes ago