Standard Chartered Bank (Hong Kong) Limited launched a tokenized deposit service on December 18, 2025, under the Hong Kong Monetary Authority’s Project Ensemble. Its first customer, Ant International, uses the service to transfer tokenized balances around the clock in Hong Kong dollars, offshore Chinese yuan and US dollars. The solution is integrated with Ant International’s Whale treasury management platform and was tested in November 2025 through a real-money transfer of HK$3.8 million. In Singapore, the setup also supports Singapore dollars and US dollars. The deployment demonstrates a major bank’s adoption of tokenization under regulatory supervision, alongside its role in distributing the regulated HKDAP stablecoin.
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