[Hong Kong to Launch Wholesale CBDC for Tokenized Government Bond Settlement by Year-End] According to Ledger Insights, the Hong Kong Monetary Authority plans to launch a wholesale central bank digital currency (wCBDC) for interbank settlements by the end of this year as part of Project EnsembleTX. The wCBDC will be used for 24/7 settlement of tokenized deposit transactions. While the project is set to enter a real transaction pilot phase by the end of 2025, current interbank settlements still rely on the RTGS system, which operates only during business hours. The wCBDC aims to address this limitation. Additionally, the wCBDC is also planned to be used for after-hours derivatives settlement on the Hong Kong Exchange (HKEX), with real-money transactions targeted for implementation within this year.