Hong Kong plans to launch wholesale CBDC for interbank settlements by year-end
- —The HKMA will launch a wholesale CBDC under the EnsembleTX project by year-end
- —The goal is round-the-clock settlement of tokenized assets and deposits
- —The wholesale CBDC will remove time constraints of the current payment system
Why it matters: Hong Kong is accelerating the integration of tokenized assets into banking infrastructure, which could boost institutional demand for blockchain-based settlement in Asia.
Source: Bloomingbit