Standard Chartered debuts tokenized deposits in Hong Kong for corporate clients
Source: CoinDesk ·
From the source
The bank uses Hong Kong's EnsembleTX system to move deposits between participating banks around the clock, settling in central bank money. Standard Chartered now allows corporate clients in Hong Kong to move money in the form of tokenized deposits . The service uses Standard Chartered's blockchain system and infrastructure developed by the Hong Kong Monetary Authority (HKMA). Banks can transfer deposits between one another in real time, with the final payments settled using money issued by the central bank. Hong Kong is the first market where Standard Chartered is offering the service, with plans to expand elsewhere. The launch coincides with the Hong Kong Monetary Authority's (KKMA) expansion of EnsembleTX to 24-hour settlement using tokenized central bank money. The regulator said the project now includes 12 banks and 20 other participating firms, up from its initial pilot launched in November 2025. The HKMA said Monday that its EnsembleTX project now includes 12 banks and 20 other…