DeFi· ★★★· bullish·

OCBC and Ant International Launch Tokenized Deposit Service

  • —Service enables cross-border SGD and USD liquidity transfers between Singapore and Malaysia outside banking hours
  • —Ant International's WhaleRTP platform connects blockchain-based assets across financial institutions
  • —In September OCBC completed a cross-border tokenized USD deposit transaction on Swift's ledger with Citibank
  • —In April OCBC and Lion Global launched a tokenized physical gold fund on a public blockchain
Why it matters: A major Singapore bank extending tokenization to corporate payments strengthens institutional adoption of blockchain in traditional finance.
Source: CoinTrust
More on this
DeFi · yesterday
Ant International and HSBC Pilot Tokenised Deposits in the UAE
 DeFi · Sep 14
DBS, OCBC and UOB conduct first interbank settlements with tokenized deposits on SWIFT blockchain ledger
 DeFi · 18:59
Swift tokenized-deposit network needs banks' own internal layers, Taurus co-founder says