Core Insights - Ant International, HSBC, and Swift have successfully tested cross-border transfers of tokenised deposits using the Swift network and ISO 20022, marking a significant advancement in global blockchain-based payments and corporate treasury management [1][3][4] Group 1: Test Details - The test involved connecting Ant International's blockchain infrastructure to Swift's network, enabling real-time cross-border treasury management between HSBC Singapore and Hong Kong through tokenised deposit services [3] - A common protocol was introduced by Swift and HSBC, eliminating the need for Ant International to establish individual bilateral arrangements with banks [3][4] Group 2: Benefits of the Initiative - The initiative allows digital money issuers to utilize the financial messaging standard and Swift's network, simplifying the adoption process for banks and external clients [5] - It enhances interoperability between digital and traditional fiat money, streamlining the integration process [5] Group 3: Swift's Network and Impact - Swift's messaging platform connects over 11,500 banking and securities organizations across more than 200 countries, facilitating faster payment processing and improved anti-money-laundering and sanctions screening [6] - The integration of ISO 20022 data formats with blockchain technology is expected to bring significant value to the financial community [7]