Project Ensemble project
Overview
Project Ensemble is the Hong Kong Monetary Authority's tokenisation initiative, launched in March 2024, to build market infrastructure for tokenised deposits and tokenised real-world assets. The HKMA opened the Project Ensemble Sandbox in August 2024 to experiment with an initial set of asset tokenisation use case themes, and set up an Architecture Community of industry participants to work on standards and interoperability; the Securities and Futures Commission co-leads work relevant to asset management. In November 2025 the HKMA announced Ensemble TX, a phase enabling real-value transactions involving tokenised deposits and digital assets. International infrastructure providers including Euroclear have joined the initiative.
Within the DeFi Intel graph, Project Ensemble connects to 7 tracked entities, most strongly to HSBC, HSBC, Standard Chartered.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 7 of 7 total).
| Relation | Connected entity | Confidence |
|---|---|---|
participates_in | HSBC | 95% |
member_of | HSBC | 95% |
participates_in | Standard Chartered | 95% |
launched | Hong Kong Monetary Authority | 95% |
participates_in | BlackRock | 90% |
participates_in | Franklin Templeton | 90% |
member_of | UBS | 50% |
Frequently asked questions
What is Project Ensemble?
Project Ensemble is a project tracked in the DeFi Intel knowledge graph. It is connected to 7 other tracked entities, most strongly to HSBC, HSBC, Standard Chartered.
What type of entity is Project Ensemble?
Project Ensemble is classified as a project (project) in the DeFi Intel knowledge graph.
What is Project Ensemble connected to?
In the DeFi Intel knowledge graph, Project Ensemble is linked to 7 other tracked entities, most strongly to HSBC, HSBC, Standard Chartered.
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