Deep Tide TechFlow News, June 11 — According to the Securities Times, John Lee Ka-chiu, the Financial Secretary of the Hong Kong SAR Government, stated that two licensed stablecoin issuers are involved in projects related to central bank digital currencies and tokenized deposits led by the Hong Kong Monetary Authority. Their partners include local telecommunications, payment, and digital asset companies. The HKMA will continue to follow up, urging institutions to implement relevant application scenarios, and explore more applications of compliant stablecoins in the digital financial sector to create value for the real economy and financial activities.

In addition, the HKMA has established the Ensemble project architecture working group to fully promote the construction of a unified local standard, achieve interoperability between central bank digital currencies, tokenized currencies, and tokenized assets, and facilitate seamless transfer of funds and assets within the tokenization ecosystem. This also clarifies the development direction for the industry.