Euroclear has become a member of the Hong Kong Monetary Authority’s (HKMA) Project Ensemble, a regulatory-led initiative aimed at developing the tokenisation market in Hong Kong. Launched in March 2024, the project brings together financial institutions and infrastructure providers to explore frameworks for tokenised assets, tokenised money, and their integration with central bank money.
As part of the project’s Architecture Community, Euroclear will contribute to the development of industry standards focused on interoperability between different types of tokenised financial instruments, states a press release. The initiative is part of broader efforts by the HKMA to provide structure and regulatory clarity to the evolving tokenisation landscape.
Euroclear’s role will centre on helping to define technical and operational standards that allow tokenised assets and money to interact more seamlessly with existing financial infrastructure. By participating in the project, Euroclear claims that it positions itself among infrastructure providers looking to shape the rules and technology underpinning the digital asset economy.
Partnership
Nelson Chow, Executive Director for Financial Infrastructure at the HKMA, emphasised the long-standing partnership between the authority and Euroclear, which has spanned more than two decades. He stated that the collaboration would now extend into digital and tokenised finance, in line with broader efforts to modernise financial infrastructure in Hong Kong.
“This initiative will allow us to harness cutting edge technology to develop solutions that benefit the marketplace by fostering a more interconnected financial ecosystem”, adds Philippe Laurensy, CEO Asia Pacific Euroclear.
