**Hong Kong's Project Ensemble Sandbox Launched**

The Hong Kong Monetary Authority (HKMA) has launched the Project Ensemble sandbox, aiming to explore real-world asset tokenization and interbank settlements using wholesale central bank digital currency (wCBDC). Initiated in March, the project focuses on:

- Fixed income and investment funds

- Liquidity management

- Green and sustainable finance

- Trade and supply chain finance

The Hong Kong Securities and Futures Commission (SFC) co-leads the project, emphasizing the synergy between innovation and regulation. Key participants include the Bank of China (Hong Kong), HSBC, Standard Chartered, and tech giants like Microsoft Hong Kong.

Real-world applications are already underway. Longshine Technology Group has digitized 9,000 charging piles, securing financing in Hong Kong. The project also tested tokenized deposits and e-HKD CBDC settlements between major banks.

Stay tuned for more updates on this groundbreaking financial innovation!