UBS and Ant International Team Up to Explore Tokenized Deposits for Global Payments

UBS has partnered with Ant International, leveraging the latter’s expertise within the Alipay+ ecosystem, to investigate the use of tokenized deposits for real-time cross-border payments and enhanced liquidity management. This strategic collaboration marks a significant step in expanding UBS’s blockchain-based digital cash platform. The agreement was formalized through a Memorandum of Understanding signed in Singapore, a global hub for institutional blockchain experimentation. This initiative aims to offer a viable alternative to traditional treasury settlement systems often hampered by delays and fragmentation.