According to CoinMeta, the Hong Kong Monetary Authority plans to launch a wholesale central bank digital currency by the end of this year for interbank settlements and 24-hour tokenized deposit transaction settlements under the project and ensembletx projects. The project entered the real transaction pilot phase at the end of 2025. wcbdc will address the current limitations of cross-bank settlements that rely on the rtgs system during working hours, and it is planned to be used for off-exchange derivative transaction settlements at the Hong Kong Exchange during off-hours. The goal of related real-money transactions is to be implemented within this year.