COINTELEGRAPH · 2026-11-02 10:15 UTC

Hong Kong takes tokenized settlement to 24/7, plans stablecoin trials

Hong Kong Monetary Authority expanded Project Ensemble to enable 24/7 tokenized settlement using central bank digital money, with plans to include regulated stablecoins in trials of tokenized government debt. HSBC's RedCoin stablecoin reached 50,000 users within 10 days of launch on Oct. 23, targeting multi-million users as it expands access for retail payments and wholesale tokenized deposits.

Loading the story on Tree News…