Standard Chartered Bank launches blockchain-based tokenized deposit solution for Ant International

On December 18th, according to techinasia, Standard Chartered Bank has launched a blockchain-based tokenized deposit solution for Ant International, supporting real-time transfers of Hong Kong dollars, offshore yuan, and US dollars. The bank partnered with global fintech company Ant International to apply this technology to Ant's Whale platform. This move is part of the Hong Kong Monetary Authority's "Project Ensemble" initiative, which aims to promote the development of distributed ledger technology in the region. Ant International is the first customer to adopt this new solution, enabling 24/7 treasury management and liquidity transfers. Both Standard Chartered Bank and Ant International are members of the EnsembleTX group, which supports tokenized applications in Hong Kong. Since May 2024, Standard Chartered Bank has been a member of the "Project Ensemble" architecture community, assisting in the development of industry standards and testing of tokenized application scenarios. (Source: techinasia)