Ant International is the first to use our Tokenised Deposit Service

Ant International, the business division of Ant Group, is a leading provider of digital payments and financial technology solutions. Ant is dedicated to promoting inclusive growth through innovation and collaboration, and we’re proud of our longstanding relationship.

Over the years, we’ve worked together to drive innovation in digital payments and financial services – so it made sense that when we introduced our Tokenised Deposit Service ("TDS") in Hong Kong, Ant International would be the first client to use it.

The TDS is a step forward for our corporate clients. It uses distributed ledger technology (“DLT”) to support instant settlement for remittance and payments. That way, our clients can create digital records of Fiat Deposits, with each digital record being a “Token”.

TDS improves corporate treasury management by providing:

• Real-time efficiency through a secure platform
• Flexibility, past cut-off times and 24/7
• Greater transparency

It sets a new standard for liquidity management, reinforcing our leadership in digital money supporting clients in the fintech, digital commerce and logistic industries.

Lewis Sun, Managing Director, Global Head of Domestic and Emerging Payments at HSBC reflected on the circumstances that began the relationship: “We've been working with Ant International for quite a few years. It all started from a unique demand from the clients, which is to move money in a much more efficient, secure, and compliant manner, exactly aligning to what we do in HSBC. Ant always provides us with very innovative ideas.”

Kelvin Li, General Manager of Platform Tech at Ant International says that the partnership is one of the most important for the business globally: “Our relationship has enabled us to work across different geographies and cover a wide range of global payment businesses."

TDS is now a core product in our relationship with Ant International. Lewis says that it’s the start of a new era in where we can work together to create solutions with a difference. “We want to test out more ideas and translate ideas into real capabilities”.

There are tangible benefits to using TDS. You could experience:

• Instant settlement and real-time liquidity – no more waiting for batch processing or cut-off times; enables 24/7 instant transfers ensuring funds are available when needed
• Automated reconciliation – every transaction is recorded on a blockchain, reducing manual reconciliation efforts and minimising errors
• Enhanced security & risk reduction – smart contracts ensure atomic settlement, meaning transactions either fully complete or don’t happen at all, eliminating settlement risks
• Seamless integration with treasury systems – tokenised deposits can be integrated with client’s platforms, allowing for clients to move funds on demand. Tokenised deposits also allow for programmability, where payments can be triggered based on your predefined conditions. This helps streamline cash flow management.