Ant International and HSBC Test New Cross-Border Payments Solution Using Tokenised Deposits on Swift's Network and Powered by ISO 20022
Businesswire·2025-12-11 03:00

Core Insights - Ant International, HSBC, and Swift have successfully completed a Proof of Concept (POC) for cross-border transfer of tokenised deposits using ISO 20022 standards [1] - The initiative utilizes Swift's global messaging network, HSBC's Tokenised Deposit Service, and Ant International's blockchain technology [1] - This POC represents a significant milestone in the collaboration between these companies to enhance the benefits of tokenisation for businesses [1] Company Summaries - Ant International is leveraging its blockchain technology in collaboration with HSBC and Swift to facilitate cross-border transactions [1] - HSBC has launched a Tokenised Deposit Service that plays a crucial role in this POC, indicating its commitment to innovation in financial services [1] - Swift's global messaging network is integral to the success of this initiative, showcasing its importance in the evolving landscape of financial transactions [1]