Ant International collaborates with HSBC on the bank's new Tokenised Deposit Service in Hong Kong to support treasury management with real-time HKD and USD payments.
The Tokenised Deposit Service is the first bank-led, blockchain-based settlement service in Hong Kong, allowing for instant intra-group fund transfers.
Ant International's Whale platform, a blockchain-based treasury management solution, has been key in digitizing USD deposits with HSBC into digital tokens for secure distributed ledger transactions.
Ant International and HSBC's partnership expands from tokenised deposits to AI-driven global FX and liquidity initiatives, aiming to enhance transparency and efficiency in treasury management for businesses.