Hong Kong Launches Project Ensemble, a Wholesale CBDC and Tokenized Deposits Initiative
![Hong Kong Launches Project Ensemble, a Wholesale CBDC and Tokenized Deposits Initiative](https://crypto-lab.org/wp-content/uploads/2024/03/Hong-Kong-Launches-Project-Ensemble-a-Wholesale-CBDC-and-Tokenized-1024x576.jpg)
The government of Hong Kong has announced Project Ensemble, an initiative that will test the functionality of a wholesale central bank digital currency (WCBDC) and the movement of tokenized deposits. If there is “sufficient interest” in the project, the Hong Kong Monetary Authority (HKMA) will conduct a live issuance of the WCBDC in the future. […]
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