Is this a turning point for crypto-friendly banking?
Q: What is the significance of the Standard Chartered and Ant International collaboration?
A: The collaboration between Standard Chartered Bank and Ant International represents a notable shift in liquidity management for small and medium-sized enterprises (SMEs). With the launch of a blockchain-based tokenized deposit solution, they enable cross-currency fund transfers around the clock. This dramatically improves the efficiency of global enterprises. Ant’s Whale platform, which combines banking capabilities with tokenization, makes it possible for businesses to access real-time treasury solutions. The introduction of this tokenized deposit system is a game changer, providing liquidity that is just-in-time. According to Mahesh Kini,…
