UBS Expands Blockchain Reach With Ant Deal as Real-Time Multi-Currency Models Take Hold

CN
2 hours ago

Momentum around blockchain-enabled treasury operations is accelerating as major institutions deepen their work on real-time settlement. Banking giant UBS announced on Nov. 17 that it formed a strategic collaboration with Ant International to advance tokenized deposit applications supporting global settlement and liquidity processes.

“This collaboration with Ant International builds on the momentum of our UBS Digital Cash pilot launch last year,” Young Jin Yee, co-head of UBS Global Wealth Management Asia Pacific and country head of UBS Singapore, said, adding:

By combining our expertise in digital assets with Ant’s advanced blockchain technology, we are working together to deliver a real-time, multi-currency payment solution that sets standards for transparency and efficiency.

“This partnership underscores our commitment to empowering our clients with best-in-class platforms and providing them with greater access to global financial markets,” the executive noted.

The organization detailed that the arrangement centers on integrating UBS Digital Cash, its blockchain-based system piloted in 2024, with Ant International’s treasury functions. The effort involves developing a connected structure that incorporates Ant’s internal Whale platform to coordinate multi-currency movements across Ant International’s entities without reliance on conventional cutoff schedules.

Read more: UBS Completes First Live Tokenized Fund Transaction Using Chainlink

Kelvin Li, Global Manager of Platform Tech at Ant International, opined:

We are pleased to partner with UBS, a leading global bank with a proven track record in blockchain innovation.

“We share a common belief in the potential of these technologies to transform cross-border payments and look forward to driving greater impact together through UBS’s global expertise and support,” he said. UBS emphasized that the companies intend to refine operational transparency and broaden efficiency for institutional users as part of their broader digitalization strategy. As blockchain-based liquidity solutions evolve, supporters of distributed systems argue that real-time programmability and tokenized instruments may strengthen financial-market infrastructure and broaden access across international networks.

  • How does the UBS–Ant International collaboration strengthen real-time, blockchain-based treasury operations?
    It integrates UBS Digital Cash with Ant’s Whale platform to create a unified, multi-currency settlement infrastructure that eliminates cutoff times and enhances liquidity management for institutional users.
  • Why is this partnership strategically important for investors watching digital-asset adoption in global finance?
    It signals that major financial institutions are moving from pilots to real production use cases, accelerating the commercialization of tokenized deposits and programmable settlement rails.
  • What efficiencies could institutional clients gain from the new tokenized deposit framework?
    They can expect increased transparency, automated real-time settlement, and improved cross-border liquidity flows enabled by blockchain-native programmability.
  • How does this initiative position UBS within the emerging market for blockchain-enabled financial infrastructure?
    UBS strengthens its role as a first mover in institutional-grade digital cash systems, expanding its competitive advantage as demand for tokenized liquidity and next-gen treasury solutions grows.

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