2025-11-14

1. HKMA announces the new phase of Project Ensemble to support real-value transactions in tokenised deposits and digital assets
The Hong Kong Monetary Authority (HKMA) November 13th announced the launch of EnsembleTX, marking the commencement of the pilot phase of Project Ensemble. This milestone represents a significant advancement in enabling real-value transactions involving tokenised deposits and digital assets within a controlled pilot environment. To establish a strong foundation for further innovation, EnsembleTX will operate throughout 2026. Interbank settlement of tokenised deposit transactions will initially be facilitated via the HKD Real Time Gross Settlement (RTGS) system. The pilot environment will be progressively upgraded and enhanced to support settlement in tokenised Central Bank Money (CeBM) on a 24/7 basis. This evolution will further enable the continuous development of Hong Kong’s broader tokenisation ecosystem.
2. Ripple plans to invest $4 billion to build the financial infrastructure connecting cryptocurrency with Wall Street
BlockBeats News reported on November 13th, "According to Cointelegraph, Ripple plans to invest $4 billion to build out its core markets business, custody services, fund management tools, and stablecoin promotion to bridge cryptocurrency with Wall Street."
3. Telcoin has been granted approval to establish the first regulated digital asset bank in the United States, which will issue the USD stablecoin eUSD
BlockBeats News reported on November 13th, "Telcoin announced that it has received final charter approval from the Nebraska Department of Banking and Finance to formally establish the Telcoin Digital Asset Bank — the first Digital Asset Depository Institution in the United States.This charter makes Telcoin the first true blockchain bank in the United States, enabling the direct connection of U.S. bank accounts to regulated "Digital Cash" stablecoins."
4. VanEck has submitted a Solana Spot ETF 8-A form to the SEC
BlockBeats Newsreported on November 14th, "Major ETF issuer VanEck has announced that its Solana spot ETF is set to launch soon. The company has submitted an 8-A form to the U.S. Securities and Exchange Commission, a form typically filed shortly before the launch of a new asset. Currently, there are a total of 10 new Solana ETFs awaiting approval."
5. The Monetary Authority of Singapore (MAS) will pilot tokenized notes and introduce laws related to stablecoins
Jinshi Data reported on November 13th that, "According to Jinshi, the top official of the Monetary Authority of Singapore (MAS) stated on Thursday that the central bank plans to advance the construction of a scalable and secure tokenized financial ecosystem. To this end, a pilot program for tokenized MAS notes will be launched next year, and relevant legislation will be introduced to regulate stablecoins. Chia Der Jiun, Managing Director of the Monetary Authority of Singapore, pointed out at the Singapore Fintech Festival: “Tokenization has begun, but have asset-backed tokens reached ‘escape velocity’? Not yet.” He stated that the Monetary Authority of Singapore has been refining the details of the stablecoin regulatory framework and will subsequently draft relevant legislation, with the core focus being “robust reserve asset backing and reliable redemption mechanisms.” Chia Der Jiun also added that the Monetary Authority of Singapore is simultaneously supporting various pilot projects under the “Blue Initiative,” which aims to explore the use of tokenized bank liabilities and regulated stablecoins for settlement."
6. Czech central bank becomes the first central bank to purchase Bitcoin
PANews reported on November 13 that, "The Czech National Bank (CNB) announced the creation of a $1 million pilot portfolio of digital assets, encompassing Bitcoin, stablecoins, and tokenized deposits. The total investment will not be actively increased. The project aims to test the central bank's processes for purchasing, holding, and managing blockchain assets over a period of two to three years. The central bank emphasized that it has no plans to include Bitcoin or other digital assets in its international reserves in the near future. CNB Governor Aleš Michl stated that this move aims to explore the potential role of Bitcoin in reserve diversification."
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