According to ChainCatcher news and the South China Morning Post, Ant International has signed a strategic cooperation memorandum with UBS, and the two parties will cooperate in the Blockchain cross-border payment Settlement field.
According to the agreement, Ant International will use the blockchain payment platform UBS Digital Cash launched by UBS last year for global fund management operations to enhance efficiency, transparency, and security. The two parties will also explore joint innovations in tokenized deposits, including connection solutions involving Ant's proprietary blockchain platform Whale.
Kelvin Li, the Global General Manager of Ant International Platform Technology, stated that both parties share a common belief in the potential of these technologies to transform cross-border payments.
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