Wu said that Ant International, HSBC, and Swift announced the completion of a proof of concept (POC) for a cross-border tokenized deposit transfer solution, based on the ISO 20022 standard, enabling blockchain interoperability on the Swift network. The solution combines HSBC's Tokenised Deposit Service with Ant International's self-developed blockchain technology, supporting cross-border, 24/7 real-time fund transfers and atomic settlement via Singapore and Hong Kong. Officials stated that with the help of ISO 20022, this solution can extend anti-money laundering (AML) and anti-fraud capabilities to tokenized deposit transactions and enhance interoperability between digital currencies and traditional fiat systems.
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Wu said that Ant International, HSBC, and Swift announced the completion of a proof of concept (POC) for a cross-border tokenized deposit transfer solution, based on the ISO 20022 standard, enabling blockchain interoperability on the Swift network. The solution combines HSBC's Tokenised Deposit Service with Ant International's self-developed blockchain technology, supporting cross-border, 24/7 real-time fund transfers and atomic settlement via Singapore and Hong Kong. Officials stated that with the help of ISO 20022, this solution can extend anti-money laundering (AML) and anti-fraud capabilities to tokenized deposit transactions and enhance interoperability between digital currencies and traditional fiat systems.