[Hong Kong Secretary for Financial Services and the Treasury Christopher Hui: Exploring More Applications of Compliant Stablecoins in the Digital Finance Sector] Jin10 News, June 11 – Recently, Christopher Hui, Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region Government, stated that two licensed stablecoin issuers have participated in projects related to central bank digital currencies and tokenized deposits led by the Hong Kong Monetary Authority (HKMA). Their partners include local telecommunications, payment, and digital asset companies. The HKMA will continue to follow up, urge institutions to implement relevant application scenarios, and explore more applications of compliant stablecoins in the digital finance sector to create value for the real economy and financial activities. Additionally, the HKMA has established the Ensemble Project Architecture Working Group to fully promote the construction of local unified standards, achieve interoperability between central bank digital currencies, tokenized currencies, and tokenized assets, and facilitate seamless circulation of funds and assets within the tokenized ecosystem, providing clear development directions for the industry. Based on the sandbox pilot results of the Ensemble Project, the HKMA launched the EnsembleTX platform last November, supporting real transactions of tokenized deposits and digital assets in a controlled pilot environment. In its initial phase, the platform focuses on encouraging market participants to use tokenized deposits in tokenized money market fund transactions, enabling real-time liquidity and funding management.