PantherTrade, HashKey, and EX.IO Join HKMA's EnsembleTX Project

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PantherTrade, HashKey, and EX.IO have joined HKMA’s EnsembleTX project, advancing real-world tokenized transactions. PantherTrade executed a $128,500 trade in tokenized fund shares, with Standard Chartered (Hong Kong) handling the CBDC-based settlement. HashKey will explore tokenized deposits for digital asset trading and corporate fund management, while EX.IO will conduct live transactions. The move reflects ongoing shifts in the digital asset market, as the Fear & Greed Index indicates growing institutional interest in tokenized finance.

ChainThink reports that on November 2, PantherTrade, HashKey Group, and EX.IO announced their participation in the Hong Kong Monetary Authority's EnsembleTX project.

PantherTrade has completed a real-money transaction, purchasing a tokenized money market fund share managed by China Asset Management (Hong Kong) and approved by the Hong Kong Securities and Futures Commission, using a tokenized deposit of approximately $128,500 (HK$1 million).

Standard Chartered Bank (Hong Kong) provides tokenized deposits and central bank digital currency-based clearing services for this transaction. Leveraging EnsembleTX’s 24/7 settlement, related transactions can be completed instantly outside of banking and fund trading hours.

HashKey will explore the application of tokenized deposits in scenarios such as fund transfers and settlements for digital asset trading, subscription and redemption of investment products, and corporate fund management; EX.IO stated that it will participate in real transactions involving tokenized deposits.

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