Standard Chartered and Ant Group launch blockchain tokenized deposit solution to enable real-time multi-currency settlement

HashBandit · 2025-12-29T04:00:12+00:00

Standard Chartered Bank (Hong Kong) in collaboration with Ant International has launched a blockchain-based tokenized deposit solution that allows real-time transfers of HKD, offshore RMB, and USD. The program leverages the regulatory framework of the Hong Kong Monetary Authority to enhance the efficiency of fund flows, provide secure channels for global business, and demonstrate traditional financial institutions' active adoption of blockchain technology.

HashBandit

2025-12-29 04:00:12

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【Crypto World】On December 29th, an interesting collaboration was launched—Standard Chartered Bank (Hong Kong) and Ant International jointly introduced a blockchain-based tokenized deposit solution. In simple terms, it involves moving Hong Kong dollars, offshore RMB, and US dollars onto the blockchain to enable real-time, 24/7 fund transfers.

How does this solution work? The core is built on the Hong Kong Monetary Authority’s “Project Ensemble” and the regulatory incubator framework for distributed ledger technology. Both parties carried out account tokenization transformations on Ant International’s proprietary on-chain fund management system, the “Whale” platform. This allows nearly real-time fund flows between various entities under global corporations.

Why is this noteworthy? In traditional banking systems, cross-currency and cross-region fund transfers often take several business days and incur high costs. This solution directly connects via blockchain, improving liquidity management efficiency and providing a secure, seamless working capital channel for global operations. It also reflects the trend of traditional financial giants actively embracing blockchain technology to upgrade infrastructure.

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ChainMelonWatcher

· 12h ago

Wait, Whale Platform? That's an interesting name...

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GateUser-3824aa38

· 12h ago

Standard Chartered and Ant Group are working on this system, basically trying to bypass the old SWIFT system. Real-time settlement sounds good, but it depends on how well it works in practice.

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CryptoMotivator

· 12h ago

Standard Chartered and Ant Group's collaboration has some substance; finally, traditional finance is really getting involved.

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GateUser-afe07a92

· 12h ago

Standard Chartered and Ant Group's collaboration is quite interesting, but how many companies can actually make use of it?

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ApeShotFirst

· 12h ago

Wow, Standard Chartered Ant really got started. Traditional finance is probably going to be disrupted now. HKD, USD, and RMB all on-chain, real-time settlement—this move is really aggressive. The old-fashioned weekday transfer system is about to change. Whale platform? Sounds very professional, but whether retail investors can actually use it is the key. If this can be successfully launched, the cross-border transfer market will be reshuffled, and banks should be worried. Ant International's move is well played; having the backing of the Hong Kong Monetary Authority makes a big difference.

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MemeKingNFT

· 12h ago

Major banks and Ant Group team up for tokenization, and now traditional financial players are also entering the scene... I've been saying that on-chain settlement is the future, and those who are bearish are about to be proven wrong again.

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