Ant International, HSBC, and Swift have completed a Proof of Concept (POC) demonstrating the cross-border transfer of tokenised deposits using ISO 20022 standardsAnt International, HSBC, and Swift have completed a Proof of Concept (POC) demonstrating the cross-border transfer of tokenised deposits using ISO 20022 standards

Ant International, HSBC and Swift Complete POC for Cross-Border Tokenised Deposits

2025/12/12 16:15

Ant International, HSBC, and Swift have completed a Proof of Concept (POC) demonstrating the cross-border transfer of tokenised deposits using ISO 20022 standards.

The initiative connects Swift’s global messaging network with HSBC’s Tokenised Deposit Service and Ant International’s blockchain infrastructure.

The POC represents a step forward in testing how tokenisation can support liquidity management, programmable finance, and round-the-clock settlement.

As part of the trial, Ant International and HSBC linked Ant International’s proprietary blockchain system with Swift’s network.

This enabled real-time treasury movements between HSBC Singapore and HSBC Hong Kong via the Tokenised Deposit Service.

A common protocol was developed jointly with Swift and HSBC.

It streamlines connectivity by reducing the need for separate bilateral arrangements between Ant International and individual banks.

The integration combines the transparency and programmability of tokenised money with established payments infrastructure.

Using Swift’s network adds an additional layer of security and compliance to Ant International’s blockchain-based approach.

Supported by ISO 20022, the system extends HSBC’s anti-money laundering processes, fraud controls, and existing infrastructure into its tokenised deposit offering.

According to the parties, this may help digital money providers adopt ISO 20022 and the Swift framework more easily, facilitating interoperability between tokenised and traditional fiat money.

Shirish Wadivkar, Global Head of Payments and Cash Management at Swift, said:

Shirish WadivkarShirish Wadivkar

Lewis Sun, Global Head of Domestic Payments and Emerging Payments, HSBC said,

Lewis SunLewis Sun

The organisations plan to continue exploring pilots and commercial use cases.

Featured image credit: Edited by Fintech News Hong Kong, based on image by freepik and fullvector via Freepik

This article first appeared on Fintech News Singapore

The post Ant International, HSBC and Swift Complete POC for Cross-Border Tokenised Deposits appeared first on Fintech Hong Kong.

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