Core Insights - Ant Group and ISDA have jointly released a white paper on the application of tokenized deposits in transaction banking, supported by the Monetary Authority of Singapore, aiming to enhance cross-border payment and foreign exchange settlement [1] - The framework is expected to reduce cross-border transaction costs by 12.5%, potentially saving businesses over $50 billion by 2030 [1] - The global cost of cross-border transaction fees is currently estimated at $120 billion annually [1] Group 1 - The white paper outlines the design principles and industry standards for tokenized deposits, ensuring interoperability [1] - It discusses key risks associated with payment systems based on shared ledger technology and measures to address them [1] - The feasibility of the proposed system is validated through practical use cases in transaction banking [1] Group 2 - Ant Group's Whale platform utilizes blockchain, encryption, and AI to facilitate real-time multi-currency settlement, reducing the settlement period from 1-3 days to minutes or even seconds [2] - Over one-third of the $1 trillion in funds processed by Ant International in 2024 will be through the Whale platform, with partnerships established with major banks [2] - Ant Group and ISDA plan to expand the application scenarios for shared ledger and tokenized deposits, ensuring benefits for both large and small enterprises [2]