HKMA Unveils Fintech 2030 Strategy with e-HKD Stablecoin Integration

Hong Kong's financial ecosystem is poised for a digital leap as the Hong Kong Monetary Authority (HKMA) unveils its Fintech 2030 strategy. Launched during Hong Kong FinTech Week on November 3, 2025, the roadmap outlines over 40 initiatives across four pivotal areas: data infrastructure, artificial intelligence, resilience measures, and financial tokenization.

The e-HKD stablecoin emerges as a cornerstone of this transformation, set to integrate into the Project Ensemble pilot program for real-value settlements. This MOVE signals Hong Kong's commitment to bridging traditional finance with blockchain innovation. The HKMA will also institutionalize tokenized government bond issuance under a new framework, extending the program to Exchange Fund papers.

Project Ensemble represents a paradigm shift in monetary infrastructure, enabling transactions across multiple forms of digital money. Eddie Yue, HKMA Chief Executive, positioned this as part of a five-year modernization drive for banking and payment systems. The strategy prioritizes tangible implementation over theoretical exploration, with real-world asset tokenization spanning diverse financial instruments.