Ant International's blockchain-based Whale platform has been used to successfully perform SGD-denominated liquidity transfers between Standard Chartered and Ant International. This is a turning point in the development of round-the-clock treasury management for multinational corporations. The Whale platform, a next-generation treasury solution, leverages blockchain technology, advanced encryption, and AI to enhance the efficiency, transparency, and security of fund movements across bank accounts. By integrating with the Whale platform, Standard Chartered facilitated instant liquidity transfers, underlining its commitment to supporting corporate clients with seamless and secure global liquidity solutions.
This collaboration builds on prior successful HKD-denominated test settlements between the two organizations and highlights their shared focus on innovation. Mahesh Kini, Global Head of Cash Management at Standard Chartered, emphasized the transformative potential of blockchain in treasury management and reaffirmed the bank's investment in cutting-edge platforms. Kelvin Li, Head of Platform Tech at Ant International, noted that the partnership’s expansion to Singapore, Ant International's global headquarters, underscores their commitment to advancing global liquidity management. Ant International, and Standard Chartered, are setting new benchmarks in treasury efficiency through blockchain innovation, enhancing operational agility for multinational corporations.
