UBS and Ant Launch Tokenized Cross-Border Transfers

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UBS and Ant International Launch Tokenized Cross-Border Transfers

Written by Aaron S.,

Editor-In-Chief

Last Updated: November 18, 2025

Key Takeaways

UBS and Ant International are working together to develop blockchain-based tokenized deposits for instant cross-border transactions;
Ant will use UBS’s Digital Cash to simplify global treasury transfers and reduce delays caused by traditional banking systems;
The project aims to speed up fund transfers between company branches, which reduces transfer times from days to minutes.

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UBS and Ant International Launch Tokenized Cross-Border Transfers

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UBS has partnered with Ant International to test a new way to transfer money across countries using blockchain technology.

The two firms signed an agreement in Singapore to work on tokenized deposits, a system that allows instant transfers and better control of company cash across borders.

Ant International, part of the Alipay+ network, plans to use UBS’s Digital Cash system to handle its own treasury transactions more smoothly.

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The aim is to make transfers between its global offices faster and simpler, without relying on older banking systems that can be slow and limited by time zones.

Kelvin Li, global manager of platform tech at Ant International, said:

We share a common belief in the potential of these technologies to transform cross-border payments and look forward to driving greater impact together through UBS’s global expertise and support.

Young Jin Yee, head of UBS Singapore, stated that UBS and Ant are working to create a faster, multi-currency payment system using blockchain.

As of today, most corporate transfers rely on traditional payment networks that operate only during set hours and take time to process.

By turning deposits into digital tokens recorded on private ledgers, companies could move funds between branches in minutes instead of days.

UBS Digital Cash, introduced in 2024, is a digital currency issued by the bank for institutional use. It is designed to support large-scale payments and real-time liquidity management.

Recently, Franklin Templeton connected its Benji Technology Platform to the Canton Network, a blockchain system designed for financial institutions. What is the goal of this initiative? Read the full story.