OCBC Rolls Out Tokenized Deposit Offering with Ant International

MT Newswires

7小时前

Oversea-Chinese Banking Corp. (SGX:O39) has launched a tokenized deposit offering with Ant International for treasury management and liquidity transfers between Singapore and Malaysia, according to an email sent to MT Newswires on Wednesday.

The product, available through Ant International's WhaleRTP platform, will initially allow Ant International to move Singapore dollar- and U.S. dollar-denominated tokenized deposits on a 24/7 basis between its entities.

Ant International is an affiliate of Alibaba Group (HKG:9988).

OCBC's shares fell nearly 6% in recent trade.

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