#BOCHK

Ant International partners Bank of China HK for cross border payments, including tokenization

Ant International has entered a strategic partnership with Bank of China Hong Kong (BOCHK) to enhance real-time treasury management and cross-border payment capabilities. The collaboration integrates Ant International’s embedded finance business, Bettr, with BOCHK to explore blockchain-based innovations for investment and treasury operations. This agreement spans multiple Ant International services, including the Alipay+ digital wallet and the global account provider WorldFirst. Ant International has previously established itself as a primary client for tokenized deposit solutions, having partnered with major global institutions such as HSBC, JPMorgan, and Standard Chartered. By utilizing its Ant Whale treasury management platform, the company facilitates 24/7 global liquidity movement through tokenized deposits. Furthermore, the firm has expanded its strategy to include the use of tokenized money market funds to optimize yield on cash reserves. This partnership underscores the growing institutional adoption of distributed ledger technology to streamline complex international financial workflows.

ledgerinsights.com·2h ago