Standard Chartered has launched the world’s first tokenized deposits offering in Hong Kong
Standard Chartered (
@StanChart) launches its first-ever tokenized deposits solution in Hong Kong.
Programmable commercial cash will be available in the corporate ecosystem through the HKMA's Project Ensemble framework.
The solution enables round-the-clock interbank clearing through real-time central bank digital currency.
Initial participants such as China AMC, Finloop and Panther Trade have started settling tokenized money market funds on this platform.
The digital custodial services are powered by
@FireblocksHQ and
@HashKeyGroup.