UBS and Ant International will test tokenized deposits for real-time cross-border payments and liquidity management in one of Singapore’s largest blockchain pilots.
Investment bank UBS has entered a strategic partnership with financial technology company Ant International to explore tokenized deposits for real-time cross-border payments and global liquidity management, marking a notable expansion of the Swiss bank’s blockchain-based digital cash platform.
The two companies signed a Memorandum of Understanding in Singapore, anchoring the deal in one of the most active hubs for institutional blockchain experimentation. The move positions tokenized bank money as a potential replacement for traditional treasury settlement rails, which are still defined by cut-offs, fragmentation and multicurrency delays.
Ant International, which oversees operations within the broader Alipay+ ecosystem, announced that it will utilize UBS Digital Cash to streamline internal treasury transfers across jurisdictions.
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments