UBS and Ant International Forge Alliance to Revolutionize Tokenized Deposits
UBS and ANT International have struck a strategic partnership in Singapore, targeting the transformation of cross-border payments through tokenized deposits. The collaboration aims to enhance liquidity management and expand UBS's blockchain-based digital cash platform, potentially upending traditional treasury settlement systems.
The memorandum of understanding, signed at the Singapore FinTech Festival 2025, signals a push to address inefficiencies like payment cutoffs and multicurrency delays. Ant International's Alipay+ ecosystem will serve as the operational backbone for this fintech innovation.
Singapore's role as a blockchain hub for institutional development lends credibility to the venture. The alliance could accelerate institutional adoption of blockchain solutions, though neither party disclosed specific timelines for implementation.