[HSBC: Completed three proof-of-concept use cases in Ensemble Sandbox] Golden Finance reported that HSBC announced that it has become one of the first financial institutions to explore use cases under the Ensemble project led by the Hong Kong Monetary Authority, and completed the proof-of-concept for the use cases. In the early stage of the Ensemble project, the Ensemble project focused on establishing relevant mechanisms to conduct interbank settlement of tokenized deposits through wholesale central bank digital currency (wCBDC), in order to enhance the smoothness of the process and promote the settlement of tokenized assets. At present, three proof-of-concept use cases have been completed to demonstrate the feasibility of mutual conversion between tokenized deposits and digital assets, as well as the transfer of deposit tokens to different financial institutions' blockchains. HSBC Hong Kong CEO Lin Huihong said that she was very happy to be able to apply to the Ensemble project and support the project to explore the development of new financial market infrastructure and innovate asset and money trading models. HSBC will implement its goals and continue to work with the HKMA and members of the Ensemble project framework working group to promote Hong Kong to become a new generation of international digital assets and currency center.
