Foresight News reports that Standard Chartered has announced the launch of a tokenized deposit solution for corporate clients in Hong Kong. Hong Kong is the first market in its global network to launch the solution, with plans to expand to more markets in the future. Built on Standard Chartered’s proprietary blockchain infrastructure and developed with support from the Hong Kong Monetary Authority’s Distributed Ledger Technology (DLT) Regulatory Sandbox, the solution is powered by EnsembleTX. It enables real-time transfers of tokenized deposits between participating banks and 24/7 interbank settlement in central bank money, including wholesale central bank digital currencies. The solution can be used for corporate clients’ intragroup liquidity management and digital treasury and investment processes.