Hong Kong Monetary Authority: Central Settlement System for Debt Instruments to Launch New Service at Year-End, Supporting 24/7 Real-Time On-Chain Settlement

According to Cnfinance, Hong Kong Monetary Authority Chief Executive Warren Woo stated at the Treasury Markets Summit that Hong Kong's equity, foreign exchange, and debt markets are mature, while digital finance is rapidly emerging. The Central Money Markets Unit (CMU) will launch new services by year-end, providing 24/7 on-chain real-time settlement, supporting the digital Hong Kong dollar and central bank digital currency (CBDC), and will also explore accepting tokenized deposits and regulated stablecoins for settlement on the platform.