Sandbox

HKMA Launches Ensemble Project Sandbox to Advance Tokenized Applications

August 28, 2024
The Hong Kong Monetary Authority (HKMA) has launched the Ensemble Project Sandbox to promote the application of tokenization technology within the financial industry. HKMA announced on Wednesday that it completed the construction of Sandbox 1, which is designed to facilitate interbank settlements through experimental tokenized currencies. It will also explore tokenized asset trading.  As a part of