Standard Chartered Launches Tokenized Deposits in Hong Kong
The service lets eligible firms move regulated deposits on blockchain around the clock and settle transactions with central bank money, including wholesale central bank digital currency.
- On Tuesday, Standard Chartered launched a tokenized deposit service in Hong Kong, enabling corporate clients to execute transfers around the clock through blockchain infrastructure supported by the Hong Kong Monetary Authority's EnsembleTX platform.
- The service utilizes the HKMA's Supervisory Incubator for Distributed Ledger Technology to facilitate real-value transactions, marking a transition beyond experimental phases of Project Ensemble, which began testing tokenized financial transactions in 2024.
- By keeping funds on Standard Chartered's balance sheet, the system eliminates reliance on conventional banking hours while allowing the bank to retain custody and lending margins for corporate treasury and investment transactions.
- Early adopters including China AMC, Finloop, and PantherTrade—a trading platform under Futu Holdings—have already conducted live settlements using the system for tokenized money market funds outside standard banking hours.
- Hong Kong regulators plan to introduce round-the-clock wholesale central bank digital currency settlement for tokenized deposits by the end of 2026; Standard Chartered intends to expand the offering to other global markets over time.
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Standard Chartered Just Launched 24/7 Settlement Between Banks Without XRP. Should XRP Holders Worry?
Standard Chartered now settles bank transactions around the clock without touching XRP, and HSBC just completed the first international tokenized deposit transfer the same way. The question is whether banks are building around XRP entirely or leaving one door open.
Standard Chartered launches tokenized deposits in Hong Kong
Standard Chartered has launched a tokenized deposit service for corporate clients in Hong Kong, allowing participating institutions to transfer bank deposits around the clock through blockchain infrastructure supported by the Hong Kong Monetary Authority. In a November 2 announcement, the…
Standard Chartered launches tokenized deposits on blockchain
Standard Chartered has introduced tokenized deposits for corporate clients in Hong Kong, making it the first market in the banking group to offer the service. The rollout connects the bank’s blockchain system with the Hong Kong Monetary Authority’s EnsembleTX infrastructure, allowing participating banks to move deposits in real time and settle final payments in central… The post Standard Chartered launches tokenized deposits on blockchain first …
Standard Chartered Tokenized Deposits Go Live for Hong Kong Firms
Standard Chartered opened its tokenized deposits service to corporate clients in Hong Kong. The HKMA upgraded EnsembleTX to settle interbank transfers in tokenized central bank money at any hour. China AMC, Finloop and PantherTrade have already completed live transactions through the system. The bank has not disclosed volumes, pricing or a timetable for other markets. [...]
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