UBS Group AG (UBS), a Swiss investment bank and financial services company, on Monday said it has signed a Memorandum of Understanding with Ant International, a digital payment and financial technology solutions provider, to form a strategic partnership to explore innovations in blockchain-based tokenised deposits.
The move aims to support Ant's payment settlement and liquidity management.
Under the MoU, Ant International will adopt the company's Digital Cash, a blockchain-based payment platform piloted in 2024.
The company said that the platform will support Ant's treasury operations by enabling more efficient, transparent and secure blockchain-based payments.
The company will apply the expertise to enhance cross-border payment solutions for its own clients.
The companies will also explore joint innovations in tokenised deposits through Ant's blockchain-based Whale treasury platform, enabling real-time, multi-currency fund flows across its entities without traditional payment cut-off constraints.
On Friday, in the after-hours trading, UBS Group closed trading 1.70% higher at $39.58 on the New York Stock Exchange.
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September 11, 2026 16:26 ET Consumer prices data was the main news on the economic front in the U.S. this week. In Europe, the latest interest rate decision from the European Central Bank was the focus along with the revised second quarter economic growth data for the euro area. In Asia, the monthly foreign trade data from China drew attention.