UBS & Ant Partner to Revolutionize Global Treasury Flows with Tokenized Deposits

Investment bank UBS has joined forces with Ant International, a financial technology company, to explore the potential of tokenized deposits for real-time cross-border payments. This strategic partnership aims to address the long-standing bottleneck in global treasury operations by using blockchain-based digital money. 2 Companies signed a Memorandum of Understanding (MoU) in Singapore, marking a significant step towards accelerating global liquidity management and streamlining international transactions.