[Standard Chartered Launches Tokenized Deposit Service in Hong Kong] According to Foresight News, Standard Chartered Bank 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 this solution, with plans to expand to more markets in the future. The solution is based on Standard Chartered's proprietary blockchain infrastructure and was developed with the support of the Hong Kong Monetary Authority's Distributed Ledger Technology Regulatory Incubator. Leveraging EnsembleTX, tokenized deposits can be transferred in real-time between participating banks and settled 24/7 in central bank currencies, including wholesale central bank digital currencies. This can be used for corporate clients' intra-group liquidity management and digital treasury and investment processes.