OCBC and Ant International launch tokenised deposit treasury solution
The Paypers reports that OCBC and Ant International launched a tokenised-deposit treasury solution connecting Singapore and Malaysia, initially for intragroup transfers in Singapore dollars and US dollars. It links OCBC's blockchain infrastructure with Ant's Whale platform. The companies describe round-the-clock, near-real-time transfers and less manual reconciliation. These are commercial-bank deposits represented digitally, not a newly issued public stablecoin or a general retail remittance service.