OCBC Bank and Ant International collaborate to simplify cross-border fund settlement using tokenized deposits

Odaily News OCBC Bank and Ant International announced a strategic partnership to leverage tokenized deposits and use advanced encryption technology and artificial intelligence to simplify cross-border fund settlements. It is reported that the partnership will prioritize 24/7 real-time payments between Singapore and Malaysia through Ant International's Whale platform, which uses blockchain technology, advanced encryption technology and artificial intelligence to improve the speed, efficiency and transparency of cross-border transactions. (techinasia)