Standard Chartered and Ant International Launch Tokenized Deposit Service via Blockchain

In accordance with Chainthink, on December 29, Standard Chartered Bank (Hong Kong) Limited and Ant International jointly launched a blockchain-based tokenized deposit solution to enable real-time fund transfers 24/7. The solution, co-developed by both parties, supports seamless fund flows in Hong Kong dollars, offshore RMB, and US dollars, significantly improving global corporate cash management efficiency. The initiative is part of the Hong Kong Monetary Authority's 'Project Ensemble' and distributed ledger technology regulatory incubator. By tokenizing Ant International's accounts on its proprietary blockchain-based fund management system 'Whale,' the service ensures near real-time fund transfers between a client's global entities. Kevin Li, Ant International's platform technology general manager, stated that the collaboration combines Standard Chartered's strong banking capabilities with Ant International's expertise in global payments and tokenization. 'The new solution enhances liquidity management by providing seamless and secure working capital channels for global operations,' he added.