Standard Chartered launches tokenized deposits in Hong Kong

Standard Chartered has launched a tokenized deposit service for corporate clients in Hong Kong, allowing participating institutions to transfer bank deposits around the clock through blockchain infrastructure supported by the Hong Kong Monetary Authority. Standard Chartered has launched a tokenized deposit service in Hong Kong, making it the first market in its global network to offer the solution to corporate clients. The service uses the HKMA's EnsembleTX infrastructure to enable real time transfers between participating banks, with settlement supported around the clock using central bank money.

Also reported by The Defiant.

Source: crypto.news