Standard Chartered and Ant International Utilize Blockchain Platform for Settlement of HKD-Denominated Transactions

Standard Chartered and Ant International Collaboration

Enhancing Financial Transactions

Standard Chartered has successfully leveraged Ant Internal’s Whale blockchain platform for the settlement of HKD-denominated intra-group transactions among various ANT entities. This collaboration marks a significant step forward in streamlining transaction workflows within the banking sector.

Participation in CBDC-Enabled Ensemble Sandbox

Industry Standards Development

Both Standard Chartered and Ant International are active participants in the Hong Kong Monetary Authority’s CBDC-enabled Ensemble Sandbox. Through this participation, they are jointly developing industry standards and exploring the design and implementation of innovative blockchain use cases for tokenization.

Progress in Project Ensemble

Driving Efficiency in Working Capital

Standard Chartered Hong Kong’s involvement in Project Ensemble since May has been instrumental in driving efficiency in working capital management. By collaborating with regulatory stakeholders and leveraging cutting-edge technology, the bank aims to streamline financial market infrastructure through blockchain and tokenization.

Future of Real-Time Treasury Solutions

Collaborative Solutions Development

Anthony Lin, head of Hong Kong and Greater China & North Asia at Standard Chartered, emphasizes the bank’s commitment to enabling real-time treasury solutions. By working closely with clients like Ant International, Standard Chartered aims to co-create seamless and transparent financial solutions that meet the evolving needs of corporate clients.