Hong Kong to test tokenization of HK$1.3 trillion in government bonds

• —The HKMA will test tokenization of FX funds worth HK$1.3 trillion by year-end
• —The SFC will update virtual asset licensing and tokenized product rules
• —Regular issuance of digital bonds with settlement in digital currency is planned
• —EnsembleTX will move to CBDC settlement and 24/7 operation by year-end