On December 18, TechInAsia reported that Standard Chartered Bank has launched a blockchain-based tokenized deposit solution for Ant International, enabling real-time transfers in Hong Kong dollars (HKD), offshore renminbi (CNH), and US dollars (USD). The bank has partnered with global fintech firm Ant International to deploy this technology on Ant’s Whale platform. This initiative is part of the Hong Kong Monetary Authority’s (HKMA) “Project Ensemble” plan, which aims to advance distributed ledger technology (DLT) development in the region. Ant International is the first customer to adopt the new solution, gaining access to 7/24 treasury management and liquidity transfers. Both Standard Chartered and Ant International are members of the EnsembleTX group, which supports tokenization applications in Hong Kong. Since May 2024, Standard Chartered has joined the Project Ensemble architecture community to help establish industry standards and test tokenization use cases.
