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Standard Chartered Hong Kong Launches Blockchain-based Tokenized Deposits Solution
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Under the Supervisory Incubator for Distributed Ledger Technology and Project Ensemble launched by the Hong Kong Monetary Authority (HKMA), Standard Chartered Hong Kong tokenized HKD, CNH and USD accounts of Ant International on the latter's blockchain-based, real-time treasury management platform, the Whale platform, following the completion of HKD-denominated blockchain test settlement for Ant International last year, as announced by Standard Chartered Hong Kong. This solution co-created by Standard Chartered Hong Kong and Ant International allows Ant International's entities to accelerate their shift to superior, future-proof treasury management and real-time 24/7 movement of value in HKD, CNH and USD through tokenization. Ant International is the first client of Standard Chartered Hong Kong to adopt the solution. Both companies are members of the EnsembleTX established by the HKMA, that aims to accelerate the adoption of tokenization in Hong Kong. AASTOCKS Financial News Website: www.aastocks.com |
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