Crypto Coin Minute for November 13th, 2025 at 05:15 AM Pacific Time.

Summary

The Hong Kong Monetary Authority has launched Phase 2 of Project Ensemble, expanding tokenised transaction capabilities to corporate bonds, asset‑backed securities, commodities and cross‑border settlements with Singapore. The phase adds direct DLT links between banks, a broader regulatory sandbox, and aims to cut settlement times to minutes while reducing costs by about 30%. Officials highlight regional interoperability and market participants—banks, fintech firms, and investors—see faster, cheaper settlement as a path to new liquidity, though regulatory alignment and standardisation remain challenges.