Standard Chartered and Ant International, the fintech affiliate of Alibaba's Ant Group, have completed SGD-denominated liquidity transfers using Ant's blockchain-based Whale platform. The integration of Standard Chartered with Ant International's platform aims to enhance the efficiency and transparency of fund movements between bank accounts. The collaboration is seen as a step towards providing real-time, 24/7, transparent, and secure liquidity flows. Following successful test settlements in Hong Kong, the partnership plans to expand to Singapore. Both companies are participants in the Hong Kong Monetary Authority's Ensemble Sandbox, working on tokenization use cases.



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