Add as a preferred source on GoogleHKMA Expands EnsembleTX for 24/7 Settlement of Tokenized Deposits
The platform now supports settlement in tokenized central bank money and includes 12 participating banks and 20 “other industry pioneers.”
The Hong Kong Monetary Authority expanded EnsembleTX for round-the-clock interbank settlement of tokenized deposits, a change that came as Standard Chartered opened a related service to corporate clients in Hong Kong.
The platform supports settlement using tokenized central bank money, including wholesale central bank digital currency (wCBDC). It now has 12 participating banks and 20 “other industry pioneers.” Standard Chartered Bank (Hong Kong) Limited is among the participating banks.
Standard Chartered’s service runs on the bank’s blockchain infrastructure and connects to EnsembleTX. Eligible corporate treasury teams, banks, investment platforms and digital asset firms can use commercial bank deposits in digital treasury and investment workflows, including managing liquidity within corporate groups.
China AMC, Finloop and PantherTrade have collectively participated in live tokenized deposit transactions and tokenized money market fund settlements through EnsembleTX.
Simon Yoon
ReporterSimon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.