---
title: HK Establishes Project to Support Tokenisation
description: The HKMA announced the establishment of the Project Ensemble Architecture Community designed to support the development of Hong Kong’s tokenisation market
---

[News & insights ](https://www.plenitudeconsulting.com/news-insights)

# [HK Establishes Project to Support Tokenisation](https://www.plenitudeconsulting.com/news-insights/hk-establishes-project-to-support-tokenisation)

 Written by [Insight & Partnership Team](https://www.plenitudeconsulting.com/news-insights/author/insight-partnership-team) | May 7, 2024 3:20:00 PM

The HKMA has announced that the Community will:

- Develop a set of industry standards to support interoperability among wholesale CBDC #wCBDC, tokenised money and tokenised assets;
- Make recommendations on specific topics, initially focusing on setting up a mechanism to support seamless interbank settlement of tokenised deposit through wCBDC for tokenised asset transactions; and
- Assist in the design and implementation of the Project Ensemble Sandbox projected to launch by mid-2024 to facilitate further research and testing of tokenisation use cases.

 

To learn more, read Plenitude’s latest paper, ‘Beyond Digital Assets: Understanding the compliance risks and considerations of Tokenisation’, to gain insights into the essential compliance and regulatory considerations for tokenisation projects.

[View full post](https://www.plenitudeconsulting.com/news-insights/hk-establishes-project-to-support-tokenisation)

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