Standard Chartered launches blockchain-based tokenized deposit solution
PANews, December 18 – According to Techinasia, Standard Chartered Bank has launched a blockchain-based tokenized deposit solution for Ant International, supporting real-time transfers in Hong Kong dollars, offshore RMB, and US dollars. The bank has partnered with global fintech company Ant International to deploy this technology on Ant’s Jingtan platform. This launch is part of the Hong Kong Monetary Authority’s “Digital Hong Kong Dollar” initiative (Project Ensemble), aiming to promote the application of distributed ledger technology in the region.
Ant International is the first client to adopt this new solution, which enables round-the-clock fund management and liquidity transfers. Both Standard Chartered Bank and Ant International are members of the EnsembleTX Group, which supports the promotion and application of tokenization technology in Hong Kong. Since May 2024, Standard Chartered Bank has joined the “Digital Hong Kong Dollar” project architecture community, assisting in the development of industry standards and testing tokenized application scenarios.
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