Ant International has integrated UBS Digital Cash into its tokenized deposit system, adding to their on-chain payment tools. Since 2019, over a third of Ant’s transactions were processed on-chain through its Whale platform. Ant has partnered with major global banks like HSBC and Standard Chartered to streamline global payments. The company is also exploring collaboration with DBS Bank and JPMorgan for interoperability and further development of tokenized deposit technology. UBS has joined the push for tokenization in Europe, with Ant International exploring integration of UBS’s solution into its global settlement and liquidity management operations. Ant International is at the forefront of corporate blockchain adoption, with plans to integrate tokenized deposits into Alibaba using JPMorgan’s blockchain platform for merchant payments.

Read more at Yahoo Finance: Ant International Adds UBS Digital Cash to Growing Range of Supported Deposit Tokens