Standard Chartered and Ant International Implement Tokenized Deposits

Standard Chartered Bank and Ant International launched a blockchain-based tokenized deposit solution, offering 24/7 real-time fund transfers, providing streamlined liquidity management across key currencies..

The initiative leverages Ant International’s Whale platform to enhance global treasury solutions, addressing corporate demand for efficient liquidity management and positioning Hong Kong as a leader in blockchain financial innovation.

Blockchain Pilots Lead to Financial System Innovations

HSBC’s participation in Project Ensemble represents the first instance of a major international bank adopting blockchain for HKD settlements, alongside this latest rollout by Standard Chartered.

The initiative aligns with earlier blockchain pilots, such as last year’s HKD-denominated transaction between Standard Chartered and Ant. Both firms engage actively in HKMA’s tokenization standards programs, emphasizing their leadership in digital finance innovation.

Experts highlight the potential ripple effects across the banking sector. This could signify greater financial system efficiency and transparency. Enhanced real-time capabilities could also attract further regulatory attention, prompting broader adoption.