Standard Chartered Bank Launches Blockchain-Based Tokenization Deposit Solution for Ant International

BlockBeats News, December 18, according to techinasia report, Standard Chartered Bank has launched a blockchain-based tokenized deposit solution for Ant International, supporting real-time transfers in Hong Kong dollars, offshore Chinese yuan, and US dollars.

The bank has 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" plan, aimed at promoting the development of distributed ledger technology in the region.

Ant International is the first customer to adopt this new solution, enabling 7x24-hour treasury management and liquidity transfers. Both Standard Chartered Bank and Ant International are members of the EnsembleTX group that supports tokenization applications in Hong Kong.

Since May 2024, Standard Chartered Bank has joined the "Project Ensemble" architecture community to help establish industry standards and test tokenization application scenarios.