Hong Kong plans 24/7 CBDC settlement for tokenized deposits by year end
Hong Kong has set plans to bring 24/7 central bank digital currency settlement to its tokenized deposit market by around the end of 2026, while preparing real value CBDC transactions for after hours derivatives trading and tests involving more than HK$1.3 trillion in Exchange Fund Bills. SummaryHong Kong plans to introduce 24/7 wholesale CBDC settlement for tokenized deposits under EnsembleTX by the end of 2026.HKEX and the HKMA are preparing real value wholesale CBDC transactions for after hours derivatives trading.HKMA plans tests involving more than HK$1.3 trillion in Exchange Fund Bills as Hong Kong expands its tokenization program.Regulated stablecoins are being explored for tokenized money market fund settlement under Hong Kongs digital asset framework. According to Hong Kongs 2026 Policy Address, the Hong Kong Monetary Authority plans to implement CBDC settlement and round the clock operations under EnsembleTX, the pilot phase of Project Ensemble, while continuing to explore new uses for tokenized deposits. The plan would give banks access to tokenized central bank money for settlement beyond the operating hours of conventional payment infrastructure. EnsembleTX has been running real value transactions involving digital assets and tokenized deposits during 2026, with the HKMA progressively upgrading the pilot environment to support 24/7 settlement in tokenized









