Ant International and Standard Chartered Bank have successfully completed liquidity transfers across borders on Ant's blockchain-based platform. Standard Chartered accessed Ant's Whale, a blockchain-powered treasury solution that provides liquidity management for multinational companies, particularly for cross-border transfers. The transaction involved Singaporean dollars and marked the first settlement between the two firms in Singapore. Standard Chartered's global head of cash management, Mahesh Kini, said blockchain technology revolutionises treasury management and provides clients with greater access to liquidity and working capital. Ant, which developed Whale for internal use, has expanded access to other multinationals and banks, including BNP Paribas and HSBC. In related news, Japan's financial regulator has proposed a new measure to prevent a repetition of the FTX collapse, adding an "asset retention order" that would prevent digital asset platforms from transferring customers' assets outside the country.



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