Standard Chartered and Ant International completed a successful SGD-denominated liquidity transfer between its entities using Ant International’s blockchain-based Whale platform.
To enable this transaction, Standard Chartered plugged into Ant International’s Whale Platform to offer the liquidity necessary to conduct this transaction which is a significant step forward towards instant and 24/7 treasury management, the firms said in a joint media release.
Ant International’s Whale platform is a next-generation treasury management solution that utilizes blockchain technology innovation, including advanced encryption and AI, to improve the efficiency and transparency of fund movements between bank accounts for better global liquidity management.
Standard Chartered recently announced the test settlement of a similar HKD-denominated transaction with Ant International.
