UBS and Ant Team Up to Tokenize Deposits for Cross-Border Payments

Investment bank UBS has entered a strategic partnership with financial technology company Ant International to explore tokenized deposits for real-time cross-border payments and global liquidity management, marking a notable expansion of the Swiss bank’s blockchain-based digital cash platform. 

The two companies signed a Memorandum of Understanding in Singapore, anchoring the deal in one of the most active hubs for institutional blockchain experimentation. The move positions tokenized bank money as a potential replacement for traditional treasury…