Ant International and the International Swaps and Derivatives Association, with the support of the Singapore Monetary Authority's “Project Guardian”, jointly published the white paper “Application of Tokenized Deposits in Transaction Banking Business” to promote the development of tokenized deposits and shared ledgers in the field of cross-border payments and foreign exchange settlement, and to propose basic principles and standards for tokenized deposit technology. According to estimates, this framework is expected to reduce cross-border transaction costs by 12.5%, saving enterprises more than 50 billion US dollars in expenses by 2030.

Ant International and the International Swaps and Derivatives Association, with the support of the Singapore Monetary Authority's “Project Guardian”, jointly published the white paper “Application of Tokenized Deposits in Transaction Banking Business” to promote the development of tokenized deposits and shared ledgers in the field of cross-border payments and foreign exchange settlement, and to propose basic principles and standards for tokenized deposit technology. According to estimates, this framework is expected to reduce cross-border transaction costs by 12.5%, saving enterprises more than 50 billion US dollars in expenses by 2030.