Solowin subsidiary selected as pioneer in HKMA’s ‘EnsembleTX’ pilot phase

Solowin (AXG) announced that its subsidiary, Solomon JFZ, has been selected by the Hong Kong Monetary Authority, HKMA, as an industry pioneer in the pilot phase of Project Ensemble, an initiative aiming to enable real-value transactions involving tokenized deposits and digital assets within a controlled pilot environment. Dr. Haokang Thomas Zhu, Director of Solowin, commented: “We are honored that our Hong Kong-based crypto-enabled brokerage, Solomon JFZ, has been selected to participate in Ensemble, following our earlier participation in the sandbox phase of HKMA’s Project Ensemble. Since the project’s inception in 2024, we have worked closely with the HKMA, as well as various banks and fund houses, to advance sandbox trials. We have witnessed firsthand the tremendous potential of tokenized deposits in driving financial innovation, and we look forward to further expanding their practical applications, including in fund settlement, in 2026.”