Hong Kong's financial technology big move! Standard Chartered collaborates with Ant International to complete multi-currency account tokenization

Major news in the fintech circle! According to Techub News citing Ming Pao, Standard Chartered Bank has reached a key cooperation with Ant International under the Hong Kong Monetary Authority's distributed ledger technology regulatory incubator and the Ensemble project framework!

Relying on Ant International's blockchain-based real-time treasury management platform Whale, both parties have successfully achieved full currency tokenization for Ant International's Hong Kong dollar, Renminbi, and US dollar accounts. This means a new breakthrough in corporate treasury management—real-time fund allocation 24/7, completely breaking free from the time constraints of traditional settlements!

Key points:

Regulatory endorsement: Implemented under the compliance framework of the Monetary Authority, demonstrating Hong Kong's determination to promote digital financial innovation;

Technical support: Ant's Whale platform empowered by blockchain technology, having processed over $300 billion in transactions by 2024, proving its strength;

Full currency coverage: Hong Kong dollars, Renminbi, and US dollars achieving simultaneous implementation, adapting to the diverse needs of cross-border enterprises.