Core Viewpoint - Ant International, a spin-off of Ant Group, is enhancing its global treasury operations through a partnership with UBS, focusing on blockchain innovations for tokenised deposits [1][5]. Group 1: Partnership Details - A memorandum of understanding was signed at UBS' Singapore offices, allowing Ant International to utilize UBS Digital Cash, a blockchain-based payments platform, for improved efficiency, transparency, and security in its global treasury operations [2]. - The partnership aims to explore joint innovations in tokenised deposits, leveraging Ant's Whale platform for internal treasury management [3]. Group 2: Technological Impact - Both companies believe in the transformative potential of blockchain technologies for cross-border payments, with a focus on enhancing global liquidity management through real-time, multicurrency fund flows [4][6]. - The envisioned connected solution will allow for transparent fund flows between Ant International's entities, overcoming traditional payment cut-off times [6].