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Standard Chartered and Ant International have successfully completed their first Singapore dollar (SGD) transaction using the latter’s blockchain-based Whale platform. By integrating with the Whale platform, Standard Chartered facilitated the seamless transfer of SGD liquidity within Ant International’s group of entities.
This platform utilises blockchain technology, advanced encryption, and AI to enhance the speed, efficiency, and transparency of cross-border transactions. This demonstrates how blockchain can support evolving treasury and liquidity needs.
DBS has announced the pilot launch of DBS Treasury Tokens, a next-generation treasury and liquiditymanagement solution, in collaboration with Ant International. DBS’ permissioned blockchain is Ethereum virtual machine (EVM)-compatible and is integrated with its core payments engine.
The new Embedded Finance segment deepens Ant International’s ecosystem by offering a rich array of FX, treasurymanagement, inclusive lending and other AI-powered fintech solutions to clients and partners across the other three main businesses.
Blockchain is increasingly garnering headlines and attention for its use cases beyond cryptocurrencies. One area where elimination of such processes can be of benefit is treasurymanagement — specifically, reconciliation of transactions and liquiditymanagement. Real-Time Window To TreasuryManagement.
Singapore's DBS is collaborating with Ant International on a blockchain-based tokenization project for 24/7 intra-group treasury and liquiditymanagement.
As a Project Guardian participant, Ant International also leveraged its blockchain-based Whale platform to develop a global treasurymanagement use case for real-time multi-currency clearing and settlement.
In addition, BNP Paribas will explore innovations in tokenised deposits for global treasurymanagement with Ant International, through the latter’s Whale platform. Additionally, we are keen to foster innovation with such a key player to develop tomorrow’s treasurymanagement standards.”
” Blockchain-enabled cross-border payments StraitsX , a payments infrastructure provider for the digital assets space in Southeast Asia, has officially gone live in partnership with Ant International and Grab. Visa is committed to meeting the evolving demands of consumers and merchants, ensuring seamless and secure payments.”
This complex infrastructure creates major challenges around reconciliation, counterparty identification and liquiditymanagement for corporate treasury teams. This Orbital ClearBank partnership represents a major step toward seamless integration between traditional banking and blockchain-based payments.
On 28 August 2024, HKMA officially launched the Project Ensemble Sandbox, which will test a wide range of tokenisation use cases, including the settlement of tokenised real-world assets (such as green bonds, carbon credits, aircraft, electric vehicle charging stations, and treasurymanagement).
“This is a fairly significant cost for businesses, particularly in terms of the treasurymanagement point of view. “ Smartphones have transformed the lives of consumers in terms of being able to book things, manage things, bank online – everything is so seamless,” he said. ”
Companies dealing with digital assets, whether for treasurymanagement, payments, or custody, need robust and compliant solutions. The best fintech tools for crypto enable safe, scalable engagement with blockchain-based finance. Here are the leading platforms supporting treasury excellence: 89.
Additionally, we are keen to foster innovation with such a key player to develop tomorrow’s treasurymanagement standards.” ” Enhancing global fund settlements BNP Paribas will also explore innovations in tokenised deposits for global treasurymanagement, through Ant International’s ‘Whale’ platform.
Increasingly, the financial services industry is targeting sluggishness in corporates’ cross-border payments, too, through technologies like blockchain and the development of faster payment rails around the globe. Sooner or later, these systems will need to interoperate to better fulfill the needs that our customers will demand from us.”.
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