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[Ant International Cooperates With OCBC Bank To Use Tokenized Deposits To Simplify Cross-border Funds Settlement] According To Mobile Payment Network, OCBC Bank And Ant International Announced A Strategic Partnership To Use Tokenized Deposits And Use Advanced Encryption Technology And Artificial Intelligence To Simplify Cross-border Funds Settlement. The Cooperation Will Prioritize The Realization Of Real-time Payments Between Singapore And Malaysia Around The Clock Through Ant International's Whale Platform. The Platform Uses Blockchain Technology, Advanced Encryption Technology And Artificial Intelligence To Improve The Speed, Efficiency And Transparency Of Cross-border Transactions. This Cooperation Marks The First Time That OCBC Bank Has Cooperated With Ant International To Enter The Field Of Tokenization, And Will Consolidate The Existing Cooperative Relationship Between The Two Parties. OCBC Bank Previously Cooperated With Ant International To Join The Alipay+ Network In 2023 To Facilitate Cross-border Payments Between Singapore, Malaysia And South Korea
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