ChainThink News, December 29: Standard Chartered Limited (Hong Kong) has jointly launched a blockchain-based tokenized deposit solution with Ant International, enabling round-the-clock real-time fund transfers. Developed collaboratively by both parties, the solution facilitates seamless cross-border fund flows across HKD, offshore RMB, and USD, significantly enhancing global corporations' cash management efficiency. The initiative was co-developed under the Hong Kong Monetary Authority’s “Project Ensemble” and the Distributed Ledger Technology Regulatory Sandbox. By tokenizing Ant International’s accounts on its proprietary blockchain-powered treasury management platform, “Whale,” the solution ensures near real-time fund movement across clients’ global entities.

Likewen Li, Technical General Manager of Ant International Platform, stated, “This collaboration leverages Standard Chartered’s deep banking expertise and Ant International’s leadership in global payments and tokenization. ‘The new solution strengthens liquidity management capabilities by providing global operations with seamless, secure working capital channels.’”