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The Hong Kong tokenization project Ensemble has upgraded to real trading.
Golden Finance reports that the “Ensemble” project, under the Hong Kong Monetary Authority and aimed at building a tokenization ecosystem, has entered the trial operation phase. To this end, the authorities launched the “EnsembleTX” interoperability platform on November 13, 2025. The president of the Monetary Authority, Yu Wai-man, stated that this marks a key moment in Hong Kong's tokenization journey, upgrading from proof of concept to real transactions. In the “Fintech 2030” vision announced by the Hong Kong Monetary Authority in early November, it was mentioned that Ensemble has entered the trial operation phase, aiming to enable banks and market participants to utilize tokenized deposits and assets through Hong Kong's existing payment system, fostering tokenization application cases with real value.