Standard Chartered launches tokenized deposits for Hong Kong corporate clients
Business · First reported 2 Nov, 15:05 · Updated 15:55
Standard Chartered has launched tokenized deposits in Hong Kong. The bank says its system supports round-the-clock transfers between participating banks, and China AMC, Finloop and PantherTrade have completed live transactions.
- Standard Chartered launched tokenized deposits in Hong Kong for corporate clients.
- The bank uses Hong Kong’s EnsembleTX system to transfer deposits between participating banks around the clock, settling in central bank money.
- China AMC, Finloop and PantherTrade have executed live transactions, according to the bank.
Summary written by Lux AI from 2 articles
Key facts
- Location
- Hong Kong
- System
- EnsembleTX
- Transfer availability
- Around the clock between participating banks
- Settlement
- Central bank money
- Named firms with live transactions
- China AMC, Finloop and PantherTrade
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