Standard Chartered Launches Tokenized Deposits in Hong Kong, Enabling 24/7 Cross-Bank Settlement

Standard Chartered has officially launched its tokenized deposit service in Hong Kong, making the city the first market globally where the bank offers this solution to corporate clients. Built on Standard Chartered’s proprietary blockchain infrastructure and deeply integrated with the Hong Kong Monetary Authority’s (HKMA) Ensemble TX platform, the service empowers corporate treasury management, banking operations, investment platforms, and digital asset-related businesses—enabling them to directly access commercial bank deposits within digitized treasury and investment workflows, including intra-group liquidity optimization. According to an official announcement from Standard Chartered, tokenized deposits support real-time interbank fund transfers, with settlements conducted in central bank money and full compatibility with wholesale central bank digital currencies (wCBDCs), operating continuously 24/7. To date, China Asset Management, Finloop, and PantherTrade have successfully executed live tokenized deposit transactions and completed settlements for tokenized money market funds.