Euroclear joins HKMA’s Project Ensemble 07 April 2025Hong Kong Reporter: Daniel Tison
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Euroclear has onboarded the Hong Kong Monetary Authority’s (HKMA’s) Project Ensemble, which aims to foster and shape the tokenisation ecosystem in the region.
Launched in March 2024, the initiative brings together experts and industry participants to design, test, and implement a robust framework for tokenisation in Hong Kong.
Nelson Chow, executive director for financial infrastructure at the HKMA, comments: "Hong Kong’s position as an international financial centre is reinforced by its financial market infrastructure, which has established the city as a super-connector between the mainland and the rest of the world.
“Our long-standing partnership with Euroclear, spanning over 20 years, has significantly enhanced both our infrastructure and connectivity. We are excited to further advance this collaboration as we transition into the era of digitalisation and tokenisation."
As an Architecture Community member, Euroclear will contribute by developing a set of industry standards to support interoperability among central bank money, tokenised money, and tokenised assets.
Philippe Laurensy, CEO for APAC at Euroclear, adds: "By collaborating with key stakeholders in the Hong Kong tokenisation market, we are exploring new opportunities for innovation and market growth.
“This initiative will allow us to harness technology to develop solutions that benefit the marketplace by fostering a more interconnected financial ecosystem."
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