BlackRock, Standard Chartered Hong Kong and MasterCard form a tripartite alliance

According to Hong Kong media HKEJ, Standard Chartered Hong Kong, BlackRock and Mastercard will jointly participate in the second phase of the "Digital HKD" pilot program launched by the HKMA. The newly formed tripartite alliance will explore tokenized investment application cases in an end-to-end manner. This potential scheme allows investors to directly purchase tokenized assets and conduct transaction settlements through digital HKD or tokenized deposits from relevant asset managers. Libeara, nurtured by SC Ventures under Standard Chartered Group, will cooperate with Standard Chartered Hong Kong and BlackRock to provide a platform and promote the potential issuance of tokenized assets through Mastercard's multi-token network. It is reported that the HKMA has also renamed the Digital HKD project as "Digital HKD+" project, which is welcomed by participating institutions. The project covers a wider range of areas, exploring innovative digital currency application cases for individual and corporate users, including digital HKD and tokenized deposits.