What happened
- Specific facts/numbers: The companies said on July 30, 2026 that they completed a joint proof of concept showing atomic delivery-versus-payment between digital assets, regulated stablecoins and commercial tokenized deposits, with tokenized deposits used as the settlement asset.
- Institutions involved: OpenAssets and Partior led the PoC; Partior describes itself as a global settlement infrastructure and says its network supports institutional settlement workflows.
- Regulatory/technical context: The test focused on delivery-versus-payment, end-to-end orchestration, automated reconciliation and real-time or bulk stablecoin redemption/settlement using commercial bank tokenized deposits rather than stablecoins as the core settlement leg.
- What to watch next: No next milestone was identified in the materials read; the key watchpoint is whether the PoC progresses into production deployments with banks, FMIs or digital-asset providers.
Why it matters
The PoC suggests banks may be able to use tokenized deposits to settle tokenized-asset and stablecoin flows with atomic finality while reducing reconciliation and counterparty-risk frictions.
HKMA Relevance
Indirect: The work is relevant to Hong Kong because HKMA is closely engaged with tokenization and cross-border payments, and Partior’s model addresses similar wholesale settlement and interoperability issues.
Story details
Sources
- Primary source: https://partior.com/news-and-insights/openassets-and-partior-complete-proof-of-concept-demonstrating-atomic-delivery-versus-payment-with-tokenised-deposits-as-the-settlement-asset
- Secondary source: https://www.prnewswire.com/news-releases/openassets-and-partior-complete-proof-of-concept-demonstrating-atomic-delivery-versus-payment-with-tokenised-deposits-as-the-settlement-asset-302838116.html