Standard Chartered rolls out tokenised deposits - The Paypers

The new service allows customers to hold traditional deposits in tokenised form on a distributed ledger. This innovation combines the security of regulated banking with the efficiency of blockchain technology.

Hong Kong has been positioning itself as a hub for digital finance innovation, with supportive regulatory frameworks for both traditional banking and cryptocurrency activities.

Digital Banking Innovation

Tokenised deposits could potentially reduce settlement times and lower operational costs for both banks and customers. The service represents Standard Chartered's commitment to exploring digital asset solutions while maintaining compliance with regulatory requirements.