Standard Chartered Bank (Hong Kong) and Ant International have introduced a blockchain-based tokenized deposit service, launched on December 29. This innovative solution, developed on Ant’s Whale platform, facilitates real-time fund transfers in HKD, offshore RMB, and USD, enhancing global corporate cash management. The service is a component of Hong Kong’s Project Ensemble, aiming to improve liquidity and working capital flows for international operations. Kevin Li from Ant highlighted the synergy between Standard Chartered’s banking capabilities and Ant’s expertise in tokenization and blockchain technology.