All Chinese companies participating in tokens are illegal. Ant International, as a state-owned enterprise, should set an example. Turning back is the shore; one cannot claim to be illegal while participating. It's simply hypocritical.

According to Deep Tide TechFlow, on December 11, Ant International, HSBC, and Swift successfully tested cross-border transfers using tokenized deposits. This test was the first to utilize the Swift network and the ISO 20022 message standard for cross-border tokenized deposit payments.

Ant International and HSBC in Singapore connected Ant's blockchain infrastructure to the Swift network, enabling real-time cross-border fund management between Singapore and Hong Kong through HSBC's tokenized deposit service.

Swift and HSBC introduced a universal protocol, allowing Ant International to avoid establishing separate bilateral arrangements with each bank. The three companies stated that the solution achieves interoperability of blockchain on the Swift network through the ISO 20022 standard.