OCBC Bank collaborates with Ant International to simplify cross-border fund settlement using tokenized deposits

ChainCatcher news, according to techinasia, OCBC Bank and Ant International announced a strategic partnership aimed at leveraging tokenized deposits and utilizing advanced encryption technology and artificial intelligence to streamline cross-border fund settlements.

It is reported that this collaboration will prioritize real-time payments between Singapore and Malaysia around the clock through Ant International's Whale platform, which uses blockchain technology, advanced encryption technology, and artificial intelligence to enhance the speed, efficiency, and transparency of cross-border transactions.