EVIDENT is proud to announce its participation in the Hong Kong Monetary Authority’s (HKMA) “Project Ensemble” sandbox initiative, focused on central bank digital currency (CBDC) in asset tokenization. Collaborating with industry leaders, such as Ant Digital Technologies and a major Hong Kong bank, to pioneer the atomic settlement of investments in tokenized alternative assets.

Project Ensemble Sandbox 

The Project Ensemble Sandbox is an initiative launched by the Hong Kong Monetary Authority (HKMA) to foster innovation in the financial technology sector. It provides a controlled environment where financial institutions, fintech companies, and other stakeholders can experiment with and develop tokenization use cases.

The Sandbox aims to enhance the understanding and implementation of tokenization, a process that converts a physical asset into a digital token, thus improving transparency, efficiency, and accessibility in the financial market. Through this initiative, HKMA seeks to drive technological advancements and insights, promoting finance and facilitating the growth of a resilient financial ecosystem. The project introduces four main themes, each focusing on different aspects of tokenization, and includes participation from various industry leaders committed to exploring these solutions.

The participating organizations include:

• Hong Kong Monetary Authority (HKMA)
• Securities and Futures Commission (SFC)
• Bank for International Settlements – BIS
• HSBC
• Standard Chartered
• Bank of China (Hong Kong)
• Hang Seng Bank
• BlackRock
• Franklin Templeton
• Hong Kong Exchanges and Clearing Limited (HKEX)
• HashKey Group
• China Asset Management (Hong Kong)
• CSOP Asset Management
• Microsoft
• Ant Digital Technologies
• Global Shipping Business Network (GSBN)
• Cyberport Hong Kong
• HKSTP - Hong Kong Science and Technology Parks Corporation

We’re Building Digital Market Infrastructure

This opportunity reinforces EVIDENT's position as a leading next-generation digital market infrastructure for alternative assets aimed at providing instant, low-cost asset transfers with minimized settlement risk. The use of central bank-issued digital currencies holds the potential to enable real-time payment and concurrent asset delivery between transacting parties on a global scale. We believe that establishing efficient digital investment settlement mechanisms powered by blockchain will solidify Hong Kong's status as an innovative global financial hub for alternative assets.

Commitment to Sustainable Finance

Under the Green and Sustainable Finance theme, EVIDENT will specifically focus on the tokenization of an EV charging station as the underlying asset.

The focus on an EV charging station aligns with global efforts to reduce carbon emissions and promote renewable energy. Through the tokenization of this asset, EVIDENT aims to create efficient, transparent, and accessible financial products that support the development and deployment of technologies.

The use of central bank-issued digital currencies holds the potential to enable real-time payment and concurrent asset delivery between transacting parties on a global scale. We believe that establishing digital investment settlement mechanisms powered by blockchain will solidify Hong Kong's status as a global financial hub for alternative assets.

We look forward to collaborating with HKMA and our partners to bring these projects to life and reshape the future of finance together.