Standard Chartered Bank Limited (Hong Kong) and Ant Group International have jointly launched a blockchain-based tokenized deposit solution designed for real-time and 24/7 fund transfers across HKD, offshore yuan, and USD. The deployment aims to streamline cross-border cash flows and strengthen enterprise liquidity management capabilities for global operations.
Under the auspices of the Hong Kong Monetary Authority’s Project Ensemble and the DLT Regulatory Sandbox, the system tokenizes Ant Group International’s accounts on its proprietary Whale platform, enabling near-instant liquidity movement among a client’s diverse global entities.
Kevin Li, Ant Group International’s Platform Technology General Manager, described the collaboration as a strategic blend of Standard Chartered’s banking expertise and Ant’s strength in global payments and tokenization, delivering a secure, streamlined liquidity channel for multinational businesses.
The initiative expands liquidity management for global corporates and signals a growing trend toward real-time, tokenized interbank settlement within a regulated sandbox framework, enhancing financial efficiency for cross-border operations.
Source: https://en.coinotag.com/breakingnews/standard-chartered-and-ant-group-international-launch-usd-tokenized-deposit-solution-for-24-7-real-time-cross-border-fund-transfers
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