Standard Chartered and Ant International have partnered to launch a commercial blockchain tokenized deposit service.

[Standard Chartered and Ant International Collaborate to Launch Blockchain-Based Tokenized Deposit Service] According to Mars Finance, on December 29th, Standard Chartered Bank Limited (Hong Kong) and Ant International jointly launched a blockchain-based tokenized deposit solution supporting 24/7 real-time fund transfers. Developed jointly by the two companies, the solution enables seamless fund flows in Hong Kong dollars, offshore RMB, and US dollars, significantly improving the efficiency of global corporate fund management. The project was jointly developed by the Hong Kong Monetary Authority's Project Ensemble and Distributed Ledger Technology Regulatory Incubator. By tokenizing Ant International's accounts on its proprietary blockchain-based fund management system, "Whale," it ensures near-real-time fund flows between various global entities within the client's portfolio. Li Kaiwen, General Manager of Platform Technology at Ant International, stated that this collaboration combines Standard Chartered's strong banking capabilities with Ant International's expertise in global payments and tokenization. "The new solution enhances liquidity management capabilities by providing a seamless and secure channel for working capital across global businesses."