The Hong Kong Monetary Authority has released the Fintech 2030 roadmap: the e-HKD stablecoin will be integrated with Project Ensemble.

The Hong Kong Monetary Authority (HKMA) officially launched the Fintech 2030 strategy on November 3, 2025, during Hong Kong Fintech Week, introducing over 40 digital initiatives. Among them, the pilot integration of the e-HKD stablecoin and the tokenization of real-world assets (RWA) have been identified as core pillars, particularly Project Ensemble, which will support real value settlement using various forms of digital money.

HKMA Fintech 2030 Strategy: Four Pillars of Digital Transformation

The five-year plan launched by the Hong Kong Monetary Authority aims to fully modernize Hong Kong's banking and payment systems, covering four major areas: data infrastructure, artificial intelligence, resilience measures, and financial tokenization.

• Digital Core: Financial tokenization is seen as a core component of HKMA's development, aimed at accelerating the tokenization process of real-world assets in various financial instruments.
• Tokenization Bonds: The Monetary Authority plans to regularly issue tokenized government bonds under the new framework and explore the tokenization of foreign exchange fund notes, emphasizing practical implementation rather than purely theoretical research.
• Project Highlights: The Project Ensemble pilot program is about to launch, which will allow e-HKD stablecoin to conduct real value settlement alongside tokenized deposits within the ecosystem.

e-HKD stablecoin and the construction of a multi-digital currency settlement ecosystem

e-HKD stablecoin, which is Hong Kong's central bank digital currency (CBDC) plan, will play a key role in Project Ensemble, working in synergy with other forms of digital money.

• Multi-Asset Settlement: Project Ensemble will integrate regulated stablecoins into settlement operations, providing a reliable settlement layer for tokenized asset transactions.
• Ecological Synergy: Ant Group has recently applied for trademarks for “ANTCOIN” and stablecoin payment services, demonstrating the active layout of mainland China in the field of digital payments, forming a regional linkage effect with Hong Kong's digital money pilot.

Cross-Border Blockchain Cooperation and Regional Financial Integration

The HKMA is actively engaging in discussions with other countries regarding the deployment of blockchain technology to promote the integration of regional financial infrastructure.

• International Cooperation: The HKMA has engaged in discussions with Brazil and Thailand on using distributed ledger technology for cross-border trade financing, aiming to reduce transaction costs and accelerate settlement.
• Regional Investment: These collaborative initiatives align with blockchain infrastructure projects in the Asian region. For instance, it has been reported that regional executives have launched a $1 billion Ethereum trust fund to support blockchain development.

Technology Assurance: AI Adoption and Quantum Security Framework

In the Fintech 2030 strategy, the HKMA also focuses on the impact of frontier technologies on financial stability.

• AI Integration: This strategy considers the adoption of artificial intelligence (AI) technology by financial institutions.
• Security Upgrade: Cybersecurity resilience measures include establishing a quantum-resistant framework to protect digital infrastructure from potential threats posed by future quantum computing.

Conclusion

The Fintech 2030 roadmap of the Hong Kong Monetary Authority demonstrates its commitment to deeply integrate Hong Kong's status as a financial center with cutting-edge digital technologies. The integration of the e-HKD stablecoin in Project Ensemble marks the transition of CBDCs from theory to real payment scenarios, setting an important benchmark for fintech innovation in Asia.