Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Standard Chartered Hong Kong and others have completed the tokenized deposit proof-of-concept test through the Hong Kong Monetary Authority's regulat

Standard Chartered Hong Kong and others have completed the tokenized deposit proof-of-concept test through the Hong Kong Monetary Authority's regulat

CointimeCointime2024/05/14 09:10
By:Cointime

Standard Chartered Hong Kong announced that it has completed proof-of-concept testing for tokenized deposits and tokenized carbon credits with virtual bank Mox, Mastercard, and Libeara through the Hong Kong Monetary Authority's regulatory sandbox. The main focus was to explore the advantages of using tokenized deposits as a settlement tool for tokenized assets in terms of operational processes and risk management. It is reported that this test is the first test scenario for Mastercard's Multi-Token Network, which tokenizes Mox customers' bank deposits and exchanges the two tokenized assets atomically. This transaction process enables real-time and transparent settlement between Standard Chartered Hong Kong and Mox, while allowing customers to store tokenized carbon credits in their e-wallets or offset their carbon footprint.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like