Guardian

<div>
 SINGAPORE–(BUSINESS WIRE)–Ant International today unveiled its next-generation treasury management solutions powered by Web3 technologies during Singapore Fintech Festival.
 <a href="https://mms.businesswire.com/media/20231115067830/en/1946139/5/Kelvin_in_SFF.jpg" rel="noopener noreferrer nofollow"><img decoding="async" src="https://thenewscrypto.com/wp-content/uploads/2023/11/Kelvin_in_SFF.jpg"></a> <a href="https://mms.businesswire.com/media/20231115067830/en/1946139/5/Kelvin_in_SFF.jpg" rel="noopener noreferrer nofollow"><img decoding="async" src="https://thenewscrypto.com/wp-content/uploads/2023/11/Kelvin_in_SFF-1.jpg"></a> <a href="https://mms.businesswire.com/media/20231115067830/en/1946136/5/Ant_International.jpg" rel="noopener noreferrer nofollow"><img decoding="async" src="https://thenewscrypto.com/wp-content/uploads/2023/11/Ant_International.jpg"></a> <a href="https://mms.businesswire.com/media/20231115067830/en/1946136/5/Ant_International.jpg" rel="noopener noreferrer nofollow"><img decoding="async" src="https://thenewscrypto.com/wp-content/uploads/2023/11/Ant_International-1.jpg"></a>
 The solutions utilize Web3 technology innovations including advanced encryption and tokenization, zero-knowledge proof, artificial intelligence and decentralized finance to improve the efficiency and transparency of global fund clearing and settlement, and enable 24/7 real-time, on-demand and multi-currency treasury fund movement between bank accounts.
 At the Tech Stage of Singapore Fintech Festival, Kelvin Li, Head of Global Fund Platform at Ant International, presented the solutions and their use cases.
 According to Li, the solutions so far have been deployed in multiple business scenarios of Ant International, including cross-border acquiring and instant tax refund services. With the help of the solutions, SMEs in cross-border trades can enjoy always-on payment collection with their account period being significantly reduced, and outbound travelers can see their tax refunding being instantly settled and received their refunds almost immediately.
 “Web3 technologies are enabling a new wave of digital transformation and digital collaboration, bringing innovations on the value movement,” said Li. “The development and application of the solutions is another demonstration of Ant International’s long-term commitment to resolving industries’ pain points through technological innovations. We will continue to leverage Web3 and other fintech innovations to improve the efficiency and trustworthiness on treasury management, while exploring more innovative and inclusive services.”
 Ant International, in collaboration with its industry partners, also trials enhanced global treasury management solutions as part of broader industry efforts, including Project Guardian led by the Monetary Authority of Singapore, exploring the transformative potential of tokenization while ensuring regulatory safeguards and collaboration with industry stakeholders.
 The development of these solutions is also supported by Ant International’s banking partners. On November 1, HSBC announced that it had built tokenized deposit-based treasury management capabilities based on the solutions. Banking Circle, a Luxembourg based bank, also announced this week that it was working on a pioneering liquidity management project leveraging the solutions.
 About Ant International
 Headquartered in Singapore, Ant International powers the future of global commerce with digital innovation for everyone and every business to thrive. In close collaboration with partners, we support merchants of all sizes worldwide to realize their growth aspirations through a comprehensive range of tech-driven digital payment and financial services solutions.
 Contacts
 Media Inquiries Vick Li Wei <a target="_blank" href="mailto:Vick.lw@antgroup.com" rel="noopener noreferrer nofollow" shape="rect">Vick.lw@antgroup.com</a> Ant Group
</div>

Ant International Unveils Web3 Technology-Powered Next-Generation Treasury Solutions

TheNewsCrypto

Other articles published on Nov 15, 2023

Altcoin season incoming? ETH, SOL, XRP post gains

Exclusive Report: What Are Some Real-Life Examples of Privacy Abuses?

How Will Kava 15 Launch Impact the KAVA Price?

Binance Labs invests in ARKM!

Binance Japan Boosts Crypto Offerings with 13 New Tokens

Gucci Takes Cosmos Exhibition to The Sandbox Metaverse

Join our free newsletter for daily crypto updates!