HKMA to launch 24/7 on-chain settlement for CMU by year-end

The Hong Kong Monetary Authority (HKMA) announced that its Central Moneymarkets Unit (CMU) will introduce new services by the end of this year. These services will support 24/7 real-time on-chain settlement for e-HKD and other central bank digital currencies (CBDC). The HKMA is also exploring the integration of tokenized deposits and regulated stablecoins into the platform.