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The new Embedded Finance segment deepens Ant International’s ecosystem by offering a rich array of FX, treasury management, inclusive lending and other AI-powered fintech solutions to clients and partners across the other three main businesses.
Ondo Finance announced today that it will be the first provider to bring real-world assets (RWA) to the Mastercard Multi-Token Network (MTN), a digital network connecting financial institutions with businesses to improve cross-border payment experiences.
. “The bank’s integration of Euro-denominated settlements between Hong Kong and Singapore, via Partior, is not just a testament to its technological advancement but a beacon for the future of seamless, secure, and efficient global payment systems.”
The digital currencies are influencing the technical aspects of cross-border transactions rather than altering user experiences. “CBDCs can contribute to quicker and more secure cross-bordersettlements, reducing the time traditionally associated with international fund transfers.
The company also pointed to the recent rise of the nostro account, an account owned by a financial institution in another country with funds held in local currency, used to facilitate cross-bordersettlement. For Ripple, XRP is the digital asset that operates on its infrastructure.
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