#mBridge

StanChart tokenized deposits reach $11 bn/month. Handles 20% of USDC on/off ramp

Standard Chartered has achieved a monthly run rate of approximately $11 billion in tokenized deposit volumes, driven largely by cross-border settlements using the e-CNY on the mBridge platform. CEO Bill Winters highlighted this milestone during the bank's Q2 earnings call, emphasizing the institution's commitment to integrating blockchain as core financial infrastructure. Beyond deposits, the bank is actively expanding its digital asset footprint through subsidiaries like Zodia Custody and Zodia Markets. Its subsidiary, Anchorpoint Financial, has also secured a license to issue a Hong Kong dollar stablecoin in collaboration with partners like HKT and Animoca Brands. This development underscores the growing institutional adoption of tokenized deposits for efficient cross-border liquidity and settlement. By positioning blockchain as a foundational layer for client transactions, Standard Chartered is bridging traditional banking services with emerging digital asset ecosystems. These efforts represent a significant shift in how global systemically important banks manage multicurrency settlements and digital asset services.

ledgerinsights.com·3h ago