Standard Chartered Bank launches blockchain-based tokenized deposit solution for Ant International

Odaily Planet Daily reports that Standard Chartered Bank has launched a blockchain-based tokenized deposit solution for Ant International, supporting real-time transfers of Hong Kong dollars, offshore RMB, and US dollars.

The bank has partnered with global fintech company Ant Group to apply this technology to Ant's Whale platform. This move is part of the Hong Kong Monetary Authority's "Project Ensemble" initiative, which aims to promote the development of distributed ledger technology in the region. (techinasia)