Standard Chartered launches first tokenized deposit service in Hong Kong

The bank's blockchain-based treasury tool lets Ant International move HKD, CNH and USD balances around the clock Standard Chartered has switched on a blockchain-based tokenized deposits service in Hong Kong. Its first customer is Ant International. What Standard Chartered actually built Standard Chartered Bank (Hong Kong) Limited officially launched the solution on December 18, 2025. It lets a corporate client move tokenized account balances 24/7. A tokenized deposit is a regular bank deposit recorded on a blockchain. The money is still a bank balance. It now moves on digital rails that do not close at 5 p.m. Three currencies are supported in Hong Kong: the Hong Kong dollar (HKD), offshore Chinese yuan (CNH) and the US dollar (USD). In Singapore, the setup supports SGD and USD. Ant International is using the service for intercompany liquidity transfers. That means shifting cash between its own entities so money sits where it is needed, when it is needed. The tool plugs into Whale, Ant International’s treasury management platform. The launch followed the completion of pilot phases. Before going live, a real-money transfer of HK$3.8 million was conducted in November 2025. The regulat...