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Banking Circle S.A. (“Banking Circle”) today announced a partnership with Ant Group to work on a pioneering liquidity management project, exploring technology innovations on tokenised deposits which will improve efficiency and speed of global fund settlements. Banking Circle infrastructure and the blockchain platform developed by Ant Group will be leveraged to issue and distribute the tokenised deposits. The blockchain platform can facilitate cross-border payments and liquidity management more efficiently. Alongside the clear liquidity management benefits, the structure is Web3 compatible and provides further opportunities for cost-saving with FX and additional currencies to follow shortly.
Laust Bertelsen, CEO of Banking Circle, said: “Banking Circle is excited to...
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