Hong Kong Cyberport will support the central bank digital currency project Ensemble launched by the Hong Kong Monetary Authority

According to Yahoo Finance on March 7th, Hong Kong Cyberport announced that it will support the Hong Kong Monetary Authority's latest wholesale-level central bank digital currency (wCBDC) project, Ensemble, to jointly promote the development of asset and currency tokenization in Hong Kong. Cyberport will encourage the Cyberport community of start-ups to actively participate in the HKMA's wCBDC "sandbox" to further explore financial technology innovation and promote the development of digital currency settlement. In terms of the HKMA's Cyberport Digital Currency Pilot Scheme, Cyberport collaborated with Hang Seng Bank last year to complete a real-world simulation test of programmable payments use cases. Fintech company ZA Bank was also selected to participate in the first phase of the Cyberport Digital Currency Pilot Scheme. In addition, Cyberport and the HKMA have successfully collaborated to launch the Financial Technology Regulatory Sandbox 3.1 trial and the "Anti-Money Laundering Compliance Technology Laboratory" to strengthen the application of compliance technology.