Ant International extends tokenized deposit partnerships with HSBC, OCBC
Ant International has significantly expanded the reach of its WhaleRTP treasury management platform by deepening its tokenized deposit partnerships with HSBC and OCBC. The platform, which utilizes distributed ledger technology to facilitate real-time cross-border settlements, now supports 20 global banks and over 17 currencies. A key development in this expansion is the integration of the Middle East, where Ant International has successfully piloted tokenized dirham transactions and cross-border US dollar transfers between the UAE, Hong Kong, and Singapore. By leveraging tokenized deposits, the firm aims to streamline liquidity management and reduce settlement times across its global financial corridors. This move underscores the growing institutional adoption of DLT-based treasury solutions to replace traditional, slower payment rails. The collaboration highlights how major financial institutions are increasingly comfortable utilizing tokenized deposits to manage complex multi-currency treasury operations. As Ant International targets the establishment of a regional treasury hub in the Middle East, the project serves as a practical case study for the scalability of tokenized deposits in international corporate finance.
