Key Takeaways Hong Kong's HKMA is launching Project Ensemble to explore the development of a wholesale central bank digital currency (wCBDC) to facilitate tokenization. The project will create a sandbox for testing tokenization use cases and establish a wCBDC Architecture Community involving local and international banks and experts. If there is sufficient market interest, Project Ensemble could lead to the issuance of a "live" CBDC, positioning Hong Kong as a leader in digital finance innovation.
