Overview
- Standard Chartered is offering a production tokenized deposit service to corporate clients that records bank balances on a distributed ledger so transfers can occur 24/7 while the funds remain regulated bank deposits.
- Ant International is the bank’s first named customer in Hong Kong and the service supports transfers in Hong Kong dollars, offshore Chinese yuan and US dollars.
- The system runs on the Hong Kong Monetary Authority’s EnsembleTX supervisory sandbox and can settle using central bank money and wholesale CBDC rails to keep transactions under regulatory oversight.
- Standard Chartered is also distributing HKDAP, a regulated Hong Kong dollar stablecoin, and has integrated infrastructure partners including Fireblocks and HashKey to link bank services with digital‑asset platforms.
- The live rollout follows earlier real‑value pilots, including a multi‑party test involving tokenized money market funds and interbank transactions with other banks using blockchain ledgers, showing a path for corporate treasury use and wider market adoption.