The Hong Kong Monetary Authority on Nov. 2 announced four fintech measures spanning agentic finance, post-quantum cryptography, tokenized settlement and cross-border payments, according to a Hong Kong government press release cited by Techub News. The package includes the launch of SAGE, a governance initiative for agentic finance, alongside a discussion paper on banks’ use of agentic artificial intelligence. The HKMA also said it had worked with the Hong Kong University of Science and Technology to roll out a post-quantum cryptography, or PQC, toolkit. On tokenization, the EnsembleTX project has completed 24x7 real-value transactions using tokenized deposits, and the authority plans to extend testing to regulated stablecoins. Separately, the HKMA and Cyberport launched tConnect Launchpad. The Faster Payment System is also expected to connect with UnionPay International by the end of 2026, enabling QR-code payments at more than 100 million merchants. HKMA Chief Executive Eddie Yue said the authority would push responsible innovation and cyber defense.
The Hong Kong Monetary Authority announced four fintech measures on Nov. 2, covering agentic finance, post-quantum cryptography, tokenized settlement and cross-border payments, according to a Hong Kong government press release cited by Techub News.
Four areas covered in the latest package
The HKMA said it has launched SAGE, a governance program for agentic finance, and published a discussion paper on banks’ use of agentic artificial intelligence.
On cryptography, the authority said it worked with the Hong Kong University of Science and Technology to introduce a post-quantum cryptography toolkit.
For tokenized settlement, the HKMA said the EnsembleTX project has completed 24x7 real-value transactions using tokenized deposits. It also plans to expand the trial to regulated stablecoins.
On cross-border payments, the HKMA and Cyberport launched tConnect Launchpad. The Faster Payment System is expected to connect with UnionPay International by the end of 2026, supporting QR-code payments at more than 100 million merchants.
HKMA chief comments
HKMA Chief Executive Eddie Yue said the authority will promote responsible innovation and cyber defense.
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