HashKey Group has joined the Hong Kong Monetary Authority's Ensemble Project Framework Working Group.

ChainCatcher news, according to official sources, HashKey Group has joined the Hong Kong Monetary Authority's Ensemble project working group. HashKey Group will integrate its practical experience in virtual asset custody, trading, digital payments, STO technology solutions, and RWA asset tokenization to provide comprehensive Web3 new financial infrastructure support for the tokenization of financial assets, including bank deposits and green bonds.

Dr. Xiao Feng, Chairman and CEO of HashKey Group, stated: "In the Web3 new economy, CBDC based on distributed ledger technology is essentially a digital form of cash, which can help traditional financial markets connect with the Web3 market. The HKMA's wCBDC project Ensemble focuses on practical use cases of tokenized deposits and tokenized asset trading, deeply exploring the value brought by the programmability of digital assets and instant settlement. In the future, we will explore a set of feasible standards and rules for the application of various digital assets in mainstream financing, payments, and settlement scenarios, which will benefit Hong Kong in building a more efficient and liquid economic system."