Hong Kong takes tokenized settlement to 24/7, plans stablecoin trials
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On Monday the Hong Kong Monetary Authority said it advanced Project Ensemble’s EnsembleTX stage to enable 24/7 real-value settlement of tokenized transactions and plans to add regulated stablecoins to trials involving tokenized government debt. Chief Executive Eddie Yue said tokenized central bank money will serve as a foundation layer for round-the-clock settlement. HSBC said its RedCoin stablecoin has reached 50,000 users.
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