Ant Digital Technologies today announces its participation in the Project Ensemble Sandbox and the Project Ensemble Architecture Community of the Hong Kong Monetary Authority (HKMA).
Project Ensemble is HKMA’s new wholesale central bank digital currency (wCBDC) project to support the development of the tokenization market in Hong Kong. The Sandbox is at the core of Project Ensemble, with the goal of further researching and testing tokenization use cases involving, among others, real-world settlement of token money and assets.
To help set industry standards and a strategy for the future, the HKMA has also formed the Community consisting of local and multinational banks, key players in the digital asset industry, technology companies, academia, international organizations and regulators.
Ant Digital Technologies will participate in future experiments and exploration in the Sandbox and will also be part of the Community.
“We are honored to be part of Project Ensemble and excited to contribute our expertise and products to the project. We are particularly impressed by HKMA’s innovative approach and vision for the development of the tokenization market. We look forward to working closely with HKMA and other project members as we embark on this exciting journey together, building the digital infrastructure that will shape the future of the industry,” said Hui Zhang, Vice President of Ant Digital Technologies.
Ant Digital Technologies products and solutions have been adopted by customers from various industries. In 2023, revenue from its international business operation increased by 300%.