Standard Chartered Bank reveals tokenized deposits reaching $11 billion

Standard Chartered’s CEO Bill Winters revealed that the bank’s tokenized deposit volumes have reached around $11 billion in monthly run rate, “primarily from the e-CNY cross-border settlements on mBridge and our multicurrency work with various clients,” he said during the bank’s Q2 earnings call.

The bank has been among the most forward leaning of systemically important institutions, having set up Zodia Custody and Zodia Markets in 2020 and 2021 respectively. Its subsidiary, Anchorpoint Financial, was awarded one of the two initial licenses to issue a Hong Kong dollar stablecoin.

During the call, Winters outlined a three pronged digital strategy. The first positions blockchain as infrastructure, enabling clients to connect, issue and settle. Second is servicing digital asset firms, including banking, payments, liquidity and risk management services. Finally, there is providing services to clients who are engaging with digital assets, whether that involves custody or transacting.

In the bank’s Q2 2026 results presentation, CEO Bill Winters said, “We’ve also seen material tokenized deposit growth in 2026, with around $11 billion monthly run rate, primarily from the e-CNY cross-border settlements on mBridge and our multicurrency work with various clients.”

The bank participated in the original real-value pilot through both its Hong Kong and UAE entities. Standard Chartered Hong Kong now provides year-round, instant settlement with participating banks in mainland China, with transaction volumes reportedly growing rapidly.

mBridge covers China, Hong Kong, UAE, Thailand, Saudi Arabia and Macau.