Ant International announced its partnership with HSBC today at the Bank’s new bank deposit service in Hong Kong.
The service will support Treasury management with real -time payments, always on HKD and USD between corporate wallets held by a corporate customer at HSBC Hong Kong. The Tokenised Department of Deposition is also the first bank -based settlement service in Hong Kong.
The launch comes after a successful pilot test between HSBC and Ant International on Ant’s whale platform, which has released blockchain and deposit solutions with various bank partners.
Following the pilot test, HSBC adapted the lessons from the joint innovation to the deposit service, with Ant International as the Pioneer Client. As the first customer to use the Tokenised Department, Ant International has successfully completed an immediate transfer of intra-group funds through the service. It started the transaction through the internal management platform of Treasury, the whale platform, digitizing USD deposits with HSBC in digital brands in the bank’s safe book.
One of the basic products developed by the platform technology team under the built -in Ant International Financial Company, the whale platform is a Next -generation treasure management solution that uses blockchain technology, including advanced encryption and AI, to improve the efficiency and efficiency Ant International International Entities for Treasure Management in Real Time. In 2024, more than one -third of Ant International Transactions were processed on the spot via the whale platform.
The whale platform currently supports multiple assets from top banks and institutions around the world, allowing interoperability in various blockchain networks. Utilizing the top DLT technologies, such as homomorphic encryption and zero -knowledge evidence, the falain platform encrypts transaction information and allows multiple parties to be verified in a encrypted state, ensuring secure, confidential and smooth transactions.
Ant International’s collaboration with HSBC in deposits extending a long -standing partnership since 2020. In October 2024, Ant International and HSBC also completed a successful HKD intersections under the Hong Kong Sandbox band.
“We are very excited to work with an industry leader such as HSBC, who shares the belief that Tokenissation is the key to bridging the stability of traditional banking with the effectiveness of blockchain, to allow Treasury management in real time,” said Kelvin Li. International. “As a Technological Association in the rapidly evolving financial services industry, our banking partnerships are extended by AI -based FX and liquidity.