HKMA: EnsembleTX supports 24/7 trading and is to be included in the stablecoin pilot

The Hong Kong Monetary Authority (HKMA) announced on November 2 that its tokenization project EnsembleTX has entered a new phase, supporting real-value transactions 24 hours a day, 7 days a week. Recognized dealers have completed secondary market trial transactions of tokenized Exchange Fund Bills, and the HKMA said it will soon bring regulated stablecoins into the trial. The HKMA noted that round-the-clock trading can help banks and their clients with global capital allocation, tokenized asset portfolio management, and treasury management. The move marks a step toward integrating regulated stablecoins into Hong Kong's tokenized financial market infrastructure. Watch for the HKMA's next announcement on which regulated stablecoins will be included in the EnsembleTX trial.