Foresight News reports that Huaxia Fund (Hong Kong) Limited, under the pilot program of the Hong Kong Monetary Authority's Ensemble project, has completed a real-world application scenario of tokenized fund subscription in collaboration with Bank of China Hong Kong, Futu Securities, and Standard Chartered Hong Kong. This commercial pilot has completed the end-to-end transaction process: a tokenized deposit interbank transfer initiated by Futu, transferred from Bank of China Hong Kong to Standard Chartered Hong Kong, and successfully subscribed to the tokenized money market fund under Huaxia Fund (Hong Kong). The fund shares are custodied by Standard Chartered Hong Kong, and the entire process was seamlessly settled in the Monetary Authority's Ensemble[TX] pilot environment. The Ensemble project plan has now entered the pilot phase, aimed at promoting tokenized deposits and real-value trading of digital assets.
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