Standard Chartered and Ant International launch tokenized deposits in Hong Kong, enabling real-time liquidity, multi-currency transfers, and regulated blockchain-based treasury operations.
Standard Chartered Bank Hong Kong and Ant International have launched a real-time tokenized deposit system for global treasury use. The initiative allows for the instant transfer of funds between countries without the delays of traditional banking. Moreover, the signal of its launch is growing institutional adoption of regulated blockchain infrastructure for cash management.
Standard Chartered and Ant Advance Hong Kong Tokenization Agenda
The new system enables transfer in Hong Kong dollars, Chinese yuan and US dollars on a continuous basis. Consequently, Ant International entities can transfer liquidity internally without having to wait for banking hours. This commercial rollout comes after a successful Hong Kong dollar test settlement carried out throughout 2024.
Standard Chartered@stanchart and Ant International@antgroup Launch Commercial Blockchain Tokenised Deposits in HK and Singapore.https://t.co/tKRMQkP70A #RWA
— CryptoJade🍀玉公子 (@cryptojadeyu) December 29, 2025
Mahesh Kini, global head of cash management at Standard Chartered, identified changing liquidity needs. He mentioned that institutions are relying more on just-in-time liquidity models around the world.
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Kelvin Li, head of technology of Ant International platform, stressed combined expertise benefits. He said the partnership combines the strength of banking with the global payment technology. As a result, Ant improves secure access to working capital across regions.
Both firms are involved actively in the HKMA Project Ensemble Architecture Community. The initiative is an effort to boost the development of tokenization in the regulated financial system of Hong Kong. Since May 2024, Standard Chartered has provided support for sand box design efforts.
Project Ensemble is carried out under a framework of supervision of the Hong Kong Monetary Authority. Importantly, the project promotes experimentation while keeping regulators in charge. Therefore, financial innovation advances on the parallel of compliance safeguards.
The tokenized deposit solution is operating on Ant’s proprietary Whale blockchain platform. In addition, it runs within the HKMA Distributed Ledger Technology Supervisory Incubator. This structure assures transparency, resilience, and regulatory alignment.
Ant International became the first commercial client live use the system. In the past, testing confirmed real-time settlement functionality for Hong Kong dollars. As a result, the solution went from pilot testing to full production.
Tokenized Deposits Reshape Global Treasury Operations
Tokenized deposits differ in principle from the traditional correspondent banking models. Conventional cross-border settlements may take days to settle. In contrast, transfers made through blockchain take place in a matter of minutes.
Faster settlement means that counterparty risk exposure of enterprises is reduced. Moreover, real-time visibility enhances the accuracy of cash forecasting to a great extent. Therefore, treasury teams get better operational control.
Transparency is also improved with immutable records of blockchain transactions. Every transfer is made auditable in near real time. Consequently, oversight enhances compliance and internal governance.
Cost-efficiency is another important benefit for participating firms. Peer-to-peer settlement helps in reducing intermediaries. As a result, operational and reconciliation costs are reduced significantly.
The solution also eliminates the geographic and time zone limitations. Businesses can conduct business twenty-four hours a day in various regions. Hence, access to liquidity is increased for subsidiaries around the globe.
Currency support: HKD, CNH and USD settlement options. This range covers major trade and treasury corridors. Therefore, corporate users are benefited with wider flexibility.
Hong Kong still places itself as a digital finance hub. Projects such as Ensemble help strengthen institutional confidence. Accordingly, more enterprise adoption of blockchain seems likely.
Standard Chartered and Ant are indicative of wider institutional momentum. As more banks look into tokenization, treasury infrastructure may change. In the end, regulated real-time finance may be the new standard of operation.