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UBS and Ant International partner on blockchain-based real-time crossborder payments settlement and liquidity management

The Edge Singapore
The Edge Singapore  • 2 min read
UBS and Ant International partner on blockchain-based real-time crossborder payments settlement and liquidity management
From left, from UBS, Young Jin Yee, co-head UBS Global Wealth Management Asia Pacific and country head Singapore; Kay Tin Khoo, head corporate institutional clients Asia Pacific; from Ant International: Kelvin Li, global manager of platform tech at Ant In
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UBS has entered a strategic partnership with Ant International, to explore innovations in blockchain-based tokenised deposits to support Ant International’s global payments settlement and liquidity management.

Under the MoU, Ant International will leverage UBS Digital Cash, a blockchain-based payment platform piloted in 2024.

UBS Digital Cash will support Ant International’s global treasury operations with blockchain-based payments that enable greater efficiency, transparency and security, while UBS applies this expertise to enhance cross-border payment solutions for its clients.

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