Traditional banks embrace on-chain finance: Standard Chartered partners with tech companies to promote Hong Kong dollar tokenized transfers

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[Crypto World] Standard Chartered Bank and Ant International recently collaborated to launch a blockchain-based deposit tokenization solution supporting real-time transfers of HKD, offshore RMB, and USD. This solution is deployed on Ant International’s Whale Explorer platform, enabling truly 24/7 fund management and liquidity transfer—no longer limited by traditional banking hours.

This project is actually a significant implementation of the Hong Kong Monetary Authority’s “Digital Hong Kong Dollar” initiative (Project Ensemble). In recent years, the Hong Kong Monetary Authority has been promoting the application of distributed ledger technology, and this collaboration marks a tangible progress. Ant International has become the first client to adopt this new solution.

It is worth noting that both Standard Chartered and Ant are members of the EnsembleTX group—this group is dedicated to supporting the promotion of tokenization technology in Hong Kong. Standard Chartered has been involved in building the project architecture community since May 2024, helping to establish industry standards and test various tokenization application scenarios. This indicates a shift in attitude among traditional financial institutions towards on-chain finance—from cautious observation to active adoption. The entire process signals that cross-border payments and asset tokenization are no longer just theoretical concepts; real commercial applications are now being implemented.

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ParanoiaKingvip
· 2025-12-20 22:46
Wow, traditional banks have finally bowed? 24-hour transfers with no restrictions—that's the kind of thing I want to see.
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TrustlessMaximalistvip
· 2025-12-20 11:35
24/7 transfers? Traditional banks are really panicking now, they can no longer blame the 24-hour restriction.
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GasFeeAssassinvip
· 2025-12-18 06:29
Wow, Standard Chartered is really starting to get serious about on-chain now. This time it's not just a test.
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SleepyValidatorvip
· 2025-12-18 06:29
Wow, finally seeing traditional finance seriously working on blockchain, not just superficial hype.
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DegenTherapistvip
· 2025-12-18 06:08
Wow, traditional banks are finally not pretending anymore? 24-hour transfers should have been available a long time ago.
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ProveMyZKvip
· 2025-12-18 06:08
Really, traditional banks are finally starting to seriously engage with blockchain, no longer just talk.
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CountdownToBrokevip
· 2025-12-18 06:04
Standard Chartered's move is indeed fierce; traditional finance has finally stopped pretending and started embracing blockchain.
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