Yu Wai-man: The HKMA will take the lead in setting an example for asset tokenization and is about to launch the Ensemble project pilot program.
According to ChainCatcher, Hong Kong Monetary Authority (HKMA) Chief Executive Eddie Yue outlined the "Fintech 2030" vision during the opening of Fintech Week, aiming to develop Hong Kong into a robust, resilient, and forward-looking international fintech hub, with a focus on four key areas covering more than 40 specific projects. Among them, the HKMA will also promote financial tokenisation and foster a thriving tokenisation ecosystem.
The HKMA will take the lead in demonstrating asset tokenisation, such as regularising the issuance of tokenised government bonds, while also exploring the feasibility of tokenising Exchange Fund Bills and bonds. The HKMA is about to launch the Ensemble project pilot scheme to support real transactions and will continue to collaborate with industry stakeholders and other central banks to nurture innovative tokenisation use cases.
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