Ant International Partners with UBS for Blockchain-Based Treasury Operations

Ant International, the global arm of Ant Group, has partnered with UBS to enhance its treasury and payments systems using blockchain technology.

  • The collaboration aims to implement blockchain-powered settlement, tokenized deposits, and real-time fund movement.
  • A memorandum of understanding (MoU) allows Ant International to integrate UBS Digital Cash, a blockchain-based payment platform, into its operations.
  • This integration seeks to streamline cross-border liquidity, improve security, and mitigate issues caused by international banking cut-off times.

Blockchain and Tokenized Deposits

  • Ant will merge UBS Digital Cash with its in-house Whale platform for efficient multi-currency fund movement globally.
  • The partnership includes R&D on tokenized deposits, which could enhance transparency, settlement speed, and auditability.
  • Hong Kong’s Project Ensemble, a sandbox for tokenized transactions, has facilitated real-value settlements involving major banks, including HSBC's HK$3.8 million transfer for Ant.

Ant's Digital-Asset Strategy

  • Ant is exploring regulated digital asset infrastructure and considering stablecoin licensing in various jurisdictions.
  • The focus remains on stablecoins improving modern payment infrastructure rather than speculative crypto activities.
  • Ant highlights the efficiency of blockchain settlement and tokenized money for international commerce.