The Hong Kong Monetary Authority said on Monday it has advanced Project Ensemble to allow 24/7 real-value settlement of tokenized transactions, which had been limited by the hours of the existing dollar settlement system. It plans to introduce tokenized central bank money as a foundation layer and to add regulated stablecoins to trials of tokenized Exchange Fund Bills, where recognized dealers have already completed secondary-market trades. Separately, HSBC CEO Georges Elhedery said its Hong Kong dollar stablecoin RedCoin, launched on Oct. 23, had reached 50,000 users about 10 days after debut, and that the bank is targeting 'multi-million users'. RedCoin is used for transfers and merchant payments through the PayMe app, which has more than 3.3 million customers able to activate stablecoin wallets.
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Related tickers and likely impact
BTC/USDT
▲ Likely positiveBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 11/01/2026 | 78,354.00 |
| Change that session | +1.00% |
ETH/USDT
▲ Likely positiveEthereum
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $277.2B |
| Close on 11/01/2026 | 2,275.31 |
| Change that session | +0.87% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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