According to Deep Tide TechFlow, Ant International has become the first corporate client to use the tokenized deposit service launched by HSBC in Hong Kong, marking an important milestone in the integration of blockchain technology into traditional finance.
The service enables round-the-clock real-time payments in Hong Kong dollars and US dollars through tokenized deposits on a blockchain ledger, improving cross-border fund management. This service was launched after a pilot on Ant's Whale platform and is the first blockchain settlement service led by a commercial bank in Hong Kong.
Ant International completed its first internal fund transfer by converting US dollar deposits into digital tokens on HSBC's distributed ledger system. In 2024, more than one-third of Ant International's fund transfers were executed on-chain through the Whale platform.