Hong Kong Economic Times: Standard Chartered Hong Kong launches tokenized deposit service
TechFlow, December 18 — According to the Hong Kong Economic Times, Standard Chartered Bank (Hong Kong) and Ant International, under the Hong Kong Monetary Authority's Distributed Ledger Technology Regulatory Sandbox and the Ensemble initiative framework, have tokenized Ant International's Hong Kong dollar, renminbi, and US dollar accounts via Ant International's blockchain treasury management platform "Whale Platform (Jing)."
The report stated that this tokenization solution was jointly developed by both parties, enabling Ant International's business entities to adopt a new treasury management model, accelerating the transition to real-time, 7×24 treasury operations for Hong Kong dollar, renminbi, and US dollar funds.
Mahesh Kini, Global Head of Cash Management at Standard Chartered, said that as enterprises become increasingly reliant on instant liquidity, market demand for real-time and 7×24 treasury management is growing rapidly.
