Standard Chartered Launches Tokenized Deposit Solution with Ant International as First Client
Standard Chartered has rolled out a tokenized deposit solution, enabling clients to transfer funds from traditional bank ledgers onto blockchain infrastructure for real-time treasury operations. ANT International, the fintech arm of Alibaba's Ant Group, is the first adopter of the service.
The solution went live last week following a successful pilot involving SGD-denominated liquidity transfers. Ant International can now access tokenized SGD and USD account balances on its Whale platform, a blockchain-based global treasury management system operating 24/7. This shift allows the company to MOVE from batch processing constrained by banking hours to continuous settlement.
Mahesh Kini, global head of cash management at Standard Chartered, highlighted growing corporate demand for real-time liquidity management. The bank positions this deployment as a blueprint for commercial banks bridging traditional finance with blockchain rails.
