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SOLOWIN HOLDINGS's Subsidiary Selected as Industry Pioneer in HKMA's “EnsembleTX” Pilot Phase
Globenewswire· 2025-11-14 13:30
Core Viewpoint - Solowin Holdings has been selected as an industry pioneer in the pilot phase of Project Ensemble by the Hong Kong Monetary Authority, focusing on enabling real-value transactions involving tokenized deposits and digital assets [1][4]. Group 1: Company Overview - Solowin Holdings is a leading financial technology firm that bridges traditional and digital assets, focusing on digital currency payments and asset tokenization [6]. - The company operates through its subsidiary, Solomon JFZ (Asia) Holdings Limited, which is licensed by the Hong Kong Securities and Futures Commission [6]. - Solowin aims to establish itself as a global digital asset financial platform, integrating traditional finance with the Web3 ecosystem [6]. Group 2: Project Ensemble and Participation - Solomon JFZ is listed in Annex B of EnsembleTX, which includes other notable participants such as Ant International and Hong Kong Exchanges and Clearing Limited [2]. - The EnsembleTX initiative will facilitate interbank transactions involving tokenized deposits and fund subscriptions through a blockchain-based infrastructure [3]. - The project aims to enhance interoperability, efficiency, and automation in the financial ecosystem, marking a transition to real-value transaction applications in Hong Kong's tokenization landscape [4]. Group 3: Future Prospects - The initial focus of EnsembleTX will be on using tokenized deposits in money market fund transactions and managing liquidity in real-time [4]. - Dr. Haokang Thomas Zhu, Director of Solowin, expressed optimism about the potential of tokenized deposits in driving financial innovation and expanding their applications in fund settlement by 2026 [5].
SOLOWIN HOLDINGS’s Subsidiary Selected as Industry Pioneer in HKMA’s “EnsembleTX” Pilot Phase
Globenewswire· 2025-11-14 13:30
Hong Kong, Nov. 14, 2025 (GLOBE NEWSWIRE) -- SOLOWIN HOLDINGS (NASDAQ: AXG) (“Solowin” or the “Company”), a leading financial technology firm bridging traditional and digital assets, today announced that its subsidiary, Solomon JFZ (Asia) Holdings Limited (“Solomon JFZ”), has been selected by the Hong Kong Monetary Authority (“HKMA”) as an industry pioneer in the pilot phase of Project Ensemble (EnsembleTX), an initiative aiming to enable real-value transactions involving tokenized deposits and digital asse ...