The bank uses Hong Kong's EnsembleTX system to move deposits between participating banks around the clock, settling in central bank money.
The HKMA plans to bring regulated stablecoins into tokenized government debt trials, while HSBC says its RedCoin stablecoin has reached 50,000 users.
Standard Chartered has launched tokenized deposits in Hong Kong, enabling corporate clients to transfer funds between participating banks around the clock.
China AMC, Finloop and PantherTrade have already executed live tokenized-deposit and money-market-fund transactions, the bank says.... Read the full story at The Defiant
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