CoinVoice has recently learned that Ant International, HSBC, and Swift successfully tested cross-border transfers using tokenized deposits, marking the first case of cross-border tokenized deposit payments utilizing the Swift network and the latest ISO 20022 standard.
In the tests, Ant International and HSBC in Singapore connected Ant's blockchain infrastructure to the Swift network, achieving real-time cross-border fund management between Singapore and Hong Kong through HSBC's tokenized deposit services.
Swift and HSBC have introduced a universal protocol that allows Ant International to avoid establishing separate bilateral arrangements with each bank. The three companies stated that this solution achieves interoperability of blockchain on the Swift network through the ISO 20022 standard, combining Ant International's technology with HSBC's tokenized deposit services. [Original link]
