香港行政長官2025年施政報告指出，金管局將繼續推進Ensemble項目，包括推動商業銀行推出代幣化存款、促進真實代幣化資產交易（例如以代幣化存款結算代幣化貨幣市場基金）；同時協助政府將代幣化債券發行常態化，並透過監管沙盒鼓勵銀行加強風險管理；目前正落實穩定幣發行人製度，並就數位資產交易及託管服務的發牌製度製訂立法建議，證監會亦正研究在充分保障投資者的前提下，擴大可提供予專業投資者的數位資產產品與服務類型；此外，香港將加強國際稅務合作，打擊跨境逃稅；證監會亦透過引進自動化彙報與數據監測工具，構建香港數位資產的風險防線。

The Chief Executive of Hong Kong stated in the 2025 Policy Address that the Hong Kong Monetary Authority (HKMA) will continue to advance the Ensemble project, including promoting commercial banks to launch tokenized deposits and facilitating the trading of real tokenized assets (e.g., settling tokenized money market funds with tokenized deposits). It will also assist the government in normalizing the issuance of tokenized bonds and encourage banks to enhance risk management through regulatory sandboxes.  

Efforts are being made to implement the stablecoin issuer regime, and legislative proposals for the licensing system for digital asset trading and custody services are being formulated. Meanwhile, the Securities and Futures Commission (SFC) is exploring the expansion of types of digital asset products and services available to professional investors, on the premise of fully protecting investors.  

In addition, Hong Kong will strengthen international tax cooperation to combat cross-border tax evasion. The SFC will also build a risk defense line for Hong Kong's digital assets by introducing automated reporting and data monitoring tools.