Ant International and the International Swaps and Derivatives Association (ISDA) have jointly released a white paper titled "Use of Tokenized Bank Liabilities for Transaction Banking" under the support of the Monetary Authority of Singapore's Project Guardian.

This white paper aims to advance the development of tokenized deposits and shared ledgers in cross-border payments and foreign exchange settlements, while setting out the fundamental principles and standards for tokenized deposit technology.

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Real-world use cases have demonstrated that tokenized deposits and shared ledger technology can greatly enhance the speed, security, and efficiency of cross-border payments.

For example, Ant International's global treasury management platform, Whale, offers real-time multi-currency clearing and settlement by leveraging blockchain, encryption, and AI capabilities. This enables round-the-clock instant FX settlement, reducing the original settlement cycle from 1-3 days to just minutes or even seconds.

In 2024, over one-third of Ant International's total USD1 trillion in fund flows were processed through the Whale platform. Major banks such as HSBC and Standard Chartered have already partnered with Ant International to launch tokenized deposit services on the Whale platform.

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