Standard Chartered launches tokenized deposits in Hong Kong

Standard Chartered has launched tokenized deposits in Hong Kong — the first market in its global network to offer the service. Using Hong Kong's EnsembleTX system, the bank can move deposits between participating banks around the clock, settling in central bank money in real time for corporate clients.

• China AMC, Fireblocks and HashKey are among the early partners in the initial rollout.
• No details were disclosed on deposit limits, supported currencies, fees or a timeline for expansion to other markets.

The launch marks a step toward 24/7 corporate payments and settlement on tokenized commercial bank money rails, and follows the bank's other crypto pushes, including bitcoin and ether trading for UAE clients.