[The Hong Kong Monetary Authority and the Securities and Futures Commission of Hong Kong jointly organized a seminar to promote Hong Kong’s tokenization development and promote Ensemble project cooperation opportunities] On November 12, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) jointly organized a seminar on November 11, focusing on the Ensemble project and tokenized SFC-approved investment products. The seminar attracted about 200 industry professionals to attend the event. Many banks and industry pioneers shared their recent practical experiences in the field of tokenization, promoting further cooperation among all parties and jointly promoting the development of Hong Kong's tokenization ecosystem. This seminar follows the HKMA’s announcement during Hong Kong Fintech Week 2026 that EnsembleTX has entered a new stage, which is to achieve 24/7 settlement of tokenized deposits between banks. This development provides a timely opportunity for industry participants to jointly explore new opportunities under the Ensemble project. At the same time, the China Securities Regulatory Commission approved tokenized money market funds to conduct 24/7 secondary market transactions, further supporting the market to combine tokenized deposits and investment products to achieve real-time investment and optimize return rates. Looking forward to the future, the Ensemble project will support the sustainable development of the tokenization market by introducing more influential tokenization use cases, expanding transaction scale, and creating practical benefits. The HKMA will continue to work closely with the Securities and Futures Commission and the industry to expand the commercial applications of tokenized deposits to support the settlement of a variety of tokenized investment products.