.jpg)
Standard Chartered China signs CBETS agreement
16 June 2026 China
Image: miss_irine/stock.adobe.com
Standard Chartered China has signed the cross-border e-CNY transfer services (CBETS) direct participant agreement with e-CNY Centre International Co., which is established and managed by the Digital Currency Institute of the People’s Bank of China, responsible for building and operating the cross-border and blockchain infrastructure for digital renminbi (RMB).
It is among the first foreign banks to sign the CBETS agreement.
Jerry Zhang, global head of RMB commercialisation and global head, banks and broker-dealers, states: “Digital infrastructure development is a crucial pillar in advancing the internationalisation of RMB.
“At Standard Chartered, we recognise the transformative potential of digital currencies and are fully committed to contributing to the development of the digital RMB ecosystem.
“Our goal is to help build a seamless, secure, and inclusive digital financial infrastructure that delivers efficient, convenient, and compliant cross-border RMB payment experience to our global clients.”
CBETS serves as a digital RMB cross-border infrastructure service platform, supporting integration with central bank payment systems and digital currency networks.
It also allows overseas financial institutions to access its services directly, offering round-the-clock smart digital payment solutions that operate both onchain and offchain.
Rene Michau, global head of digital assets at Standard Chartered, comments: “We are committed to becoming a bridge between the global digital asset economy and traditional finance.
“Central bank digital currency (CBDC) is an important infrastructure in the digital economy, and the People’s Bank of China is a pioneer among global central banks in developing and promoting CBDC.
“The signing of the ‘CBETS’ direct participant agreement showcases our proactive move to take part in the development of CBDC and the digital RMB.
“It also reinforces our role as a super connector across borders, markets, and client segments, bringing our cross-border strategy to life.
“By participating in this cutting-edge digital RMB cross-border payment system, Standard Chartered will provide more efficient, secure, and convenient digital services to both Chinese and global clients.”
It is among the first foreign banks to sign the CBETS agreement.
Jerry Zhang, global head of RMB commercialisation and global head, banks and broker-dealers, states: “Digital infrastructure development is a crucial pillar in advancing the internationalisation of RMB.
“At Standard Chartered, we recognise the transformative potential of digital currencies and are fully committed to contributing to the development of the digital RMB ecosystem.
“Our goal is to help build a seamless, secure, and inclusive digital financial infrastructure that delivers efficient, convenient, and compliant cross-border RMB payment experience to our global clients.”
CBETS serves as a digital RMB cross-border infrastructure service platform, supporting integration with central bank payment systems and digital currency networks.
It also allows overseas financial institutions to access its services directly, offering round-the-clock smart digital payment solutions that operate both onchain and offchain.
Rene Michau, global head of digital assets at Standard Chartered, comments: “We are committed to becoming a bridge between the global digital asset economy and traditional finance.
“Central bank digital currency (CBDC) is an important infrastructure in the digital economy, and the People’s Bank of China is a pioneer among global central banks in developing and promoting CBDC.
“The signing of the ‘CBETS’ direct participant agreement showcases our proactive move to take part in the development of CBDC and the digital RMB.
“It also reinforces our role as a super connector across borders, markets, and client segments, bringing our cross-border strategy to life.
“By participating in this cutting-edge digital RMB cross-border payment system, Standard Chartered will provide more efficient, secure, and convenient digital services to both Chinese and global clients.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one digital assets news source this year, make sure it is your free subscription to The Digital Assets Edge
100% ON RETURNS If you invest in only one digital assets news source this year, make sure it is your free subscription to The Digital Assets Edge
