UBS and Ant Forge Blockchain Alliance, Ushering in a New Chapter for Institutional Transactions
- UBS partners with Ant International to enhance cross-border payments via blockchain, leveraging UBS Digital Cash and Ant's Whale platform for real-time multi-currency settlements. - The collaboration aims to improve efficiency, transparency, and security in treasury operations while exploring tokenized deposits aligned with industry blockchain trends. - UBS's strategic digital pivot reinforces its commitment to Switzerland despite regulatory challenges, positioning blockchain as a solution to traditional
UBS Group AG has strengthened its blockchain offerings by entering into a strategic alliance with Ant International, a Singapore-based arm of China’s Ant Group, to advance cross-border payment settlements and liquidity management through real-time, multi-currency blockchain solutions. This partnership, established via a memorandum of understanding (MoU) at UBS’s Singapore office, will see Ant International implement
The collaboration will also explore co-developing tokenized deposit solutions, reflecting a broader industry movement toward utilizing blockchain for institutional transactions.
This agreement highlights UBS’s strategic shift toward digital transformation, a direction reinforced by recent regulatory and operational hurdles. Amid talks about possibly moving its headquarters to the U.S. due to Switzerland’s tough new capital requirements—which would require a $26 billion increase—UBS has reiterated its intention to remain based in Switzerland. The bank’s executives, including chair Colm Kelleher, have held discussions with U.S. authorities but
This alliance also signals a wider transformation in financial infrastructure, as more institutions turn to blockchain to resolve inefficiencies in legacy cross-border payment systems. Tokenized deposits and stablecoins are becoming more popular for enabling round-the-clock settlements, lowering expenses, and removing time-zone restrictions. Ant International, already involved in Singapore’s Project Guardian and Hong Kong’s tokenized deposit pilots, has emerged as a frontrunner in this field, with
Although the UBS and Ant partnership marks a major advancement, scaling blockchain solutions for institutional adoption still faces obstacles. As
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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