Hong Kong outlined plans for a gold-backed token representing a standard 400-ounce bullion bar, with the city’s HAU gold price reference used for pricing and a planned interbank trading project built on the Hong Kong Monetary Authority’s Project Ensemble, Crypto.news reported. Secretary for Financial Services and the Treasury Christopher Hui Ching-yu described the interbank tokenization project during Hong Kong FinTech Week on November 2, 2026, saying the government would undertake it “very soon.”