UBS Tokenised Deposits Trial With Ant Targets Real-Time Cross-Border Payments

UBS has partnered with Ant International to trial UBS tokenised deposits and real-time cross-border payments, marking one of Asia’s most prominent bank–fintech collaborations in digital finance.

Under an MoU signed in Singapore, Ant will integrate UBS Digital Cash—first piloted in 2024—with its Whale blockchain treasury platform to test multi-currency tokenised deposits enabling instant transfers across Ant’s global entities.

The initiative aims to enhance settlement speed, transparency, and liquidity management for Ant’s international treasury operations.

The UBS tokenised deposits trial also showcases how programmable money and tokenisation could reshape cross-border payment systems for large institutions.

The project underscores Asia’s growing role as a test bed for blockchain-based financial market infrastructure and more automated treasury and cash management solutions.