Ant International today unveiled its next-generation treasury management solutions powered by Web3 technologies.

The solutions utilize Web3 technology innovations including advanced encryption and tokenization, zero-knowledge proof, artificial intelligence and decentralized finance to improve the efficiency and transparency of global fund clearing and settlement, and enable 24/7 real-time, on-demand and multi-currency treasury fund movement between bank accounts.

Kelvin Li, Head of Global Fund Platform at Ant International, commented:

“Web3 technologies are enabling a new wave of digital transformation and digital collaboration, bringing innovations on the value movement. The development and application of the solutions is another demonstration of Ant International’s long-term commitment to resolving industries’ pain points through technological innovations. We will continue to leverage Web3 and other fintech innovations to improve the efficiency and trustworthiness on treasury management, while exploring more innovative and inclusive services.”

Ant International, in collaboration with its industry partners, also trials enhanced global treasury management solutions as part of broader industry efforts, including Project Guardian led by the Monetary Authority of Singapore, exploring the transformative potential of tokenization while ensuring regulatory safeguards and collaboration with industry stakeholders.

The development of these solutions is also supported by Ant International’s banking partners. On November 1, HSBC announced that it had built tokenized deposit-based treasury management capabilities based on the solutions. Banking Circle, a Luxembourg based bank, also announced this week that it was working on a pioneering liquidity management project leveraging the solutions.