Ant International Embraces Blockchain Integration with HSBC’s Tokenized Deposit Service

Ant International has become the first corporate customer to utilize HSBC’s innovative tokenized deposit service in Hong Kong, marking a significant milestone in the integration of blockchain technology into traditional finance. This pioneering move allows for real-time, 24/7 fund transfers between corporate accounts in both HKD and USD through tokenized deposits. The service was first launched on May 24th, 2023, following successful testing by Ant International’s Whale platform. This breakthrough is expected to improve cross-border financial efficiency and demonstrate Hong Kong’s forward-thinking approach to digital finance.