Hong Kong bank pilot opens 24/7 cash settlement for tokenized fund deals
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• Participating institutions can settle tokenized deposit transactions in central bank money beyond conventional hours, supporting treasury and fund activity.
• Hong Kong's tokenization pilot now lets participating banks settle tokenized deposit transactions around the clock in central bank money, extending the cash settlement behind corporate treasury and tokenized-fund activity beyond conventional operating hours.
• The Hong Kong Monetary Authority announced the upgrade on Nov.
• EnsembleTX, the pilot phase of Project Ensemble, now has 12 participating banks and 20 industry pioneers.
#Institutions
Source - CryptoSlate
━━━━━━━━━━━━━━━━━━━━
• Participating institutions can settle tokenized deposit transactions in central bank money beyond conventional hours, supporting treasury and fund activity.
• Hong Kong's tokenization pilot now lets participating banks settle tokenized deposit transactions around the clock in central bank money, extending the cash settlement behind corporate treasury and tokenized-fund activity beyond conventional operating hours.
• The Hong Kong Monetary Authority announced the upgrade on Nov.
• EnsembleTX, the pilot phase of Project Ensemble, now has 12 participating banks and 20 industry pioneers.
#Institutions
Source - CryptoSlate
