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Standard Chartered, Ant Complete First Blockchain-Based SGD Settlement

Fintech News

Standard Chartered and Ant International have successfully completed their first Singapore dollar (SGD) transaction using the latter’s blockchain-based Whale platform. This achievement builds on a recent successful test settlement of a Hong Kong dollar (HKD)-denominated transaction between the two companies.

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OCBC and Ant International to Pilot Real-Time Blockchain Solution for Fund Settlements

Fintech News

OCBC Bank and Ant International have announced a strategic partnership aimed at streamlining cross-border fund settlements using tokenised deposits and leveraging advanced encryption and AI. This demonstrates how blockchain can support evolving treasury and liquidity needs.

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Standard Chartered and Ant International use blockchain for settlement of treasury transactions

Finextra

Standard Chartered has used Ant Internal's Whale blockchain platform to deliver settlement of HKD-denominated intra-group transactions between various ANT entitites.

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Boerse Stuttgart uses blockchain to slash settlement times

Finextra

Boerse Stuttgart says it has tested the settlement of exchange transactions with blockchain-based securities against central bank money - finding that using the technology can reduce settlement times from days to minutes.

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Swift, UBS, and Chainlink Advance Tokenised Fund Settlement Under Project Guardian

Fintech News

The pilot showcased how financial institutions can use Swift’s infrastructure to facilitate off-chain cash settlements for tokenised funds with fiat payment systems across more than 11,500 financial institutions in over 200 countries. said Jonathan Ehrenfeld, Head of Strategy, Swift. ” said Sergey Nazarov, Co-Founder of Chainlink.

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Chainlink Unveils New Privacy and Interoperability Solutions for Blockchain Adoption

Finextra

At Sibos 2024, Sergey Nazarov, Co-Founder of Chainlink, highlighted the growing adoption of blockchain technology by asset managers, driven by efficiency gains in settlement, payments, and collateral management.

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DBS Drives Innovation with Blockchain Services for Institutions

Fintech News

DBS Bank has introduced DBS Token Services, a suite of banking services that uses blockchain technology to offer faster and more efficient transactions for institutional clients. The new services allow for 24/7 real-time settlement of payments and utilise smart contracts to increase security and transparency.