ChainCatcher news, Ant International, HSBC, and Swift successfully tested cross-border transfers using tokenized deposits. This is the first case of cross-border tokenized deposit payments utilizing the Swift network and ISO 20022 messaging standards. During the test, Ant International and HSBC in Singapore connected Ant’s blockchain infrastructure to the Swift network, enabling real-time cross-border fund management between Singapore and Hong Kong through HSBC’s tokenized deposit service. Swift and HSBC introduced a universal protocol, allowing Ant International to avoid establishing separate bilateral arrangements with each bank. The three companies stated that the solution achieved blockchain interoperability on the Swift network through the ISO 20022 standard, combining Ant International’s technology with HSBC’s tokenized deposit service.
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