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19h ago

Ant International and UBS Sign MoU to Integrate UBS Digital Cash and Explore Tokenized Deposits

The collaboration extends Ant’s on-chain treasury program with a pilot of bank-issued digital cash.

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Ubs expands blockchain reach with ant deal as real time multi currency models take hold

Overview

  • The memorandum of understanding was signed on November 17 at UBS’s Penang Road office in Singapore.
  • Ant International will integrate UBS Digital Cash, a blockchain-based platform piloted in 2024, into its global treasury operations to improve efficiency, transparency and security.
  • The partners will explore tokenized deposit innovations, including a connected solution that links UBS Digital Cash with Ant’s Whale treasury platform.
  • The joint work targets real-time, multi-currency transfers across Ant entities to eliminate traditional cut-off times and optimize liquidity management.
  • Ant has previously adopted tokenized deposit solutions from HSBC, Standard Chartered and DBS, including an HK$3.8 million transfer under regulatory pilots, and reported processing over a third of 2024 transactions on-chain.