Standard Chartered has piloted a facility that allows Ant International to access liquidity without waiting for its tokenised money market fund redemptions to settle.

The facility bridges the gap between redeeming investments and receiving the funds, giving companies quicker access to cash for their treasury needs.

Ying-Ying Tan, Global Head of Securities Services and Digital Assets at Standard Chartered, said,

“By bringing together Standard Chartered’s banking expertise and digital asset capabilities, we can help clients make their tokenised investments more liquid, accessible and useful.

Our pilot with Ant International demonstrates how timely liquidity can integrate tokenised investments more effectively into corporate treasury operations.”

Kevin Chang, Cluster Head of Trade and Working Capital for Greater China and North Asia and Group Head of Trade Digital Assets, highlighted how the pilot could extend the bank’s financing capabilities into digital assets to support corporate working capital needs.

Kelvin Li, General Manager of Platform Tech and Senior Vice President at Ant International, said,

 “We are glad to partner with Standard Chartered on the development of 24/7 liquidity management solutions via tokenised money market funds.

This collaboration advances our real-time treasury management strategy by enabling seamless access to liquidity alongside our tokenised investments.”

Standard Chartered plans to explore using digital assets as collateral for a broader range of financing and liquidity services.

This could allow companies to access funding backed by their digital asset holdings.

Featured image: Edited by Fintech News Hong Kong, based on image by muravev via Magnific