Standard Chartered and Ant International Launch Blockchain Tokenized Deposit Solution

Standard Chartered Bank and Ant International have announced the launch of a blockchain-based tokenized deposit solution in Hong Kong and Singapore, enabling 24/7 real-time transfers and instant settlements for HKD, offshore RMB, and USD. This solution was developed under the Hong Kong Monetary Authority-led Project Ensemble and the Distributed Ledger Technology Regulatory Sandbox framework. By tokenizing accounts through Ant International's Whale blockchain platform, it enhances the efficiency of corporate cross-regional liquidity management. Standard Chartered Bank stated that the solution overcomes the limitations of traditional banking operating hours and clearing cycles, meeting enterprises' needs for instant liquidity. Ant International highlighted that the collaboration combines its global payment and tokenization technology capabilities with Standard Chartered's banking system to optimize cross-border working capital management.