Project Ensemble 24/7 Settlement: Ensemble TX Adds Tokenised CeBM
Project Ensemble 24/7 settlement: since 2 November 2026 Ensemble TX settles tokenised deposits in tokenised CeBM. What HK banks and payment firms should check.
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HKMA Project Ensemble: Tokenised Deposits Enter Real-Value Pilot
On 13 November 2025, the Hong Kong Monetary Authority (HKMA) launched Ensemble TX, the pilot phase of Project Ensemble, and with it moved tokenised-deposit settlement out of the laboratory and into real-value transactions. HKMA Project Ensemble had spent more than a year as a sandbox; Ensemble TX now lets participating banks settle interbank tokenised deposit…
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Hong Kong OTC Clearing Rules: Standard Calculation Periods From 2027
On 29 January 2026 the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) issued a joint consultation on a small but consequential part of the Hong Kong OTC clearing rules: the calculation periods that decide when a firm is caught by the mandatory clearing obligation. The regulators proposed to stop adding…