Technology
Bullish
Standard Chartered launches round the clock tokenized deposits in Hong Kong
Image: CoinGapeStandard Chartered launched a blockchain-based tokenized deposits service in Hong Kong. The system allows corporate clients to move account balances around the clock. Three currencies are supported in Hong Kong: the Hong Kong dollar, offshore Chinese yuan, and the US dollar. Ant International uses the service for liquidity transfers. The service operates within the Hong Kong Monetary Authority's Project Ensemble sandbox, known as EnsembleTX, which includes 12 banks and 20 industry participants.
Key points
- Standard Chartered launched a blockchain-based tokenized deposits service in Hong Kong.
- The service allows corporate clients to move account balances around the clock.
- Three currencies are supported in Hong Kong: HKD, CNH, and USD.
- The initiative operates within the Hong Kong Monetary Authority's Project Ensemble sandbox, EnsembleTX.
Why it matters
Corporate clients can move tokenized account balances and conduct intercompany liquidity transfers around the clock using blockchain rails under supervisory oversight.
Sources · 4 publishers
The Defiant
Tier 1
Standard Chartered Launches 24/7 Tokenized Deposits in Hong Kong
CoinGape
Tier 2
Hong Kong Launches 24/7 Settlement Using Tokenized Deposits on Blockchain
Crypto.news
Tier 2
Standard Chartered launches tokenized deposits in Hong Kong
Coverage timeline
- First reported by Crypto Briefing
- Also reported by The Defiant
- CryptoVideos brief published
- 1 more publisher added to sources
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
