Hong Kong Expands Use of Tokenized Funds and Deposits

The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) held a seminar on November 11, 2026, on the commercial use of tokenized financial products. About 200 representatives from banks, asset management firms, and other organizations participated in the discussion. The meeting followed the launch of 24/7 trading for certain funds and the expansion of the interbank settlement system.

24/7 Trading Available for Two Funds

On October 26, the SFC allowed secondary trading of two tokenized money market funds managed by China Asset Management (Hong Kong): ChinaAMC HKD Digital Money Market Fund and ChinaAMC USD Digital Money Market Fund.

Their units became available for transactions between investors on a licensed platform around the clock, including outside of banking hours. The permission does not yet extend to other tokenized funds and securities. The regulator will assess the possibility of expanding the list based on trading results.

EnsembleTX Enables Settlements Outside Banking Hours

On November 2, HKMA announced that the EnsembleTX system, a pilot phase of the Ensemble project, began supporting 24/7 interbank settlements for tokenized deposits using central bank tokenized money. The project involves 12 banks and 20 financial sector organizations.

On the same day, the international bank Standard Chartered launched a tokenized deposits service for corporate clients in Hong Kong. It allows such deposits to be transferred between participating institutions with settlements through EnsembleTX. The bank reported operations involving China Asset Management, Finloop, and PantherTrade.

SFC's Executive Director for Investment Products, Elisa Ng, stated that tokenization is moving from experimentation to commercial use. Regulators intend to link investment products, digital money, and settlement systems, but the timeline for extending 24/7 operations to other funds has not yet been announced.