Update
Hong Kong Bank Pilot Extends 24/7 Cash Settlement for Tokenized Fund Deals
Hong Kong’s monetary authority has extended the 24/7 interbank cash settlement for tokenized fund deals to 12 participating banks and 20 industry pioneers. The upgrade covers 12 banks and 20 industry pioneers, allowing them to settle tokenized deposit transactions in central bank money beyond conventional hours, supporting corporate treasury and fund activity. The announcement was made by the Hong Kong Monetary Authority on November 2.