The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) co-hosted a seminar on 11 November focusing on Project Ensemble and tokenised SFC-authorised investment products. Approximately 200 industry practitioners attended the event, where banks and industry pioneers shared their recent practical experience in tokenisation to foster further collaboration and advance Hong Kong’s tokenisation ecosystem.
The seminar followed closely the HKMA announcement coincided with a major milestone during Hong Kong Fintech Week 2026 of a new chapter of EnsembleTX, which enables 24/7 interbank settlement of tokenised deposits. This development presented an opportune moment for industry participants to unlock new opportunities leveraging EnsembleTX. Meanwhile, these efforts are further bolstered by the SFC’s approval of round-the-clock secondary trading for tokenised money market funds, allowing real-time investment and return optimisation by integrating tokenised deposits with investment products.
Looking ahead, Project Ensemble aims to expand the scale of transactions by introducing more impactful tokenisation use cases that deliver tangible benefits and support a sustainable tokenisation market. The HKMA will continue to work closely with the SFC and the industry to broaden the commercial applications of tokenised deposits to settle various types of tokenised investment products.
Mr. Nelson Chow, Executive Director (Financial Infrastructure) of the HKMA said, “Hong Kong is well positioned to capitalise on the tokenisation era, driven by its advanced financial market infrastructure and an expanding array of digital money options and tokenised investment products. These capabilities serve as essential public utilities that future-proof our tokenisation ecosystem and support its continued development. The HKMA will continue to collaborate closely with the SFC to cultivate a robust environment that fosters responsible innovation in tokenisation.”
Ms Elisa Ng, the SFC’s Executive Director of Investment Products, said, “Tokenisation in Hong Kong is moving beyond experimentation towards commercialisation. The next stage is to generate traffic on these digital rails by connecting tokenised investment products, digital money and financial infrastructure. We are also encouraged by the strong turnout and stimulating discussions at the seminar. Industry insights and collaboration are crucial as we chart the way forward to translate these opportunities into practical commercial applications.”
Hong Kong Monetary Authority
12 November 2026
Photo shows Mr Nelson Chow, Executive Director (Financial Infrastructure) of the HKMA (right) and Ms Elisa Ng, Executive Director (Investment Products) of the SFC (left).
Approximately 200 industry practitioners attended the event, where banks and industry pioneers shared their recent experience in tokenisation to foster further collaboration.
