The Hong Kong Monetary Authority (HKMA) has launched Project Ensemble Sandbox to accelerate the adoption of tokenisation in the financial sector. The Sandbox, developed in collaboration with participating banks, is designed for interbank settlements using experimental tokenised money, focusing on transactions involving tokenised assets. The initial experimentation will cover four themes: fixed income and investment funds, liquidity management, green finance, and trade finance. The HKMA aims to enhance Hong Kong’s status as a financial hub by fostering innovation in tokenisation. The Securities and Futures Commission (SFC) will collaborate with the HKMA to develop a regulatory framework to support the sustainable growth of the tokenised asset market.