Standard Chartered Bank launches blockchain-based tokenized deposit solution

Standard Chartered Bank has launched a blockchain-based tokenized deposit solution for Ant International, enabling real-time transfers of Hong Kong dollars, offshore yuan, and US dollars. The bank partnered with global fintech company Ant International, deploying the technology on Ant's Whale Exploration platform. This launch is part of the Hong Kong Monetary Authority's Project Ensemble, which aims to promote the adoption of distributed ledger technology in the region.