A post by @upbitglobal on X.
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@upbitglobal on X
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The Hong Kong Monetary Authority moved its Project Ensemble pilot to round-the-clock settlement in tokenized central bank money, extending a wholesale CBDC experiment that had previously run on limited-hours testing. Separately, SEC staff issued updated crypto guidance addressing governance and decentralization, while Galaxy Digital filed for a U.S. national trust bank charter to expand its crypto services. The three developments point to regulators and institutions converging on clearer operating rules for digital assets rather than new market structure. What to watch next is whether the HKMA sets a timeline for expanding Ensemble beyond pilot status and whether Galaxy's charter application clears the OCC review process.
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Named in this story
HKMA, Project Ensemble, Galaxy Digital (GLXY), SEC, Upbit Global
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