Project Ensemble seeks to explore innovative financial market infrastructure (FMI) that will facilitate seamless interbank settlement of tokenised money through wholesale central bank digital currency (wCBDC). As a Sandbox participant, OSL will conduct proof-of-concept distribution of Franklin Templeton's on-chain wealth management products, including money market fund tokens. This has the potential to revolutionise asset management by providing greater transparency, efficiency, and accessibility for investors.
Gary Tiu, Head of Regulatory Affairs at OSL, said, "OSL is proud to be part of Project Ensemble, contributing to Hong Kong's innovative drive as a leading hub for the future of digital finance. By working with Franklin Templeton, a global leader in asset management, we are leveraging our deep roots and expertise in the regulated digital asset ecosystem to help accelerate the move towards on-chain management of personal wealth."
Roger Bayston, Head of Digital Assets at Franklin Templeton, commented, "We are excited to partner with OSL and HKMA to unlock the potential of asset tokenisation and explore the distribution of tokenised products in Hong Kong through Project Ensemble. This important initiative also reinforces our commitment to supporting fintech innovation and fostering a vibrant digital ecosystem in Hong Kong."
The involvement of OSL and Franklin Templeton within Project Ensemble represents a significant step in driving the development of Hong Kong's tokenisation market, addressing the needs of modern investors and setting the stage for the future of digital finance in the region.
