PANews reported on May 24 that according to Crowdfundinsider, Ant International has become the first corporate customer in Hong Kong to adopt HSBC's new tokenized deposit service, marking an important step for Hong Kong in promoting the integration of blockchain and traditional finance. The service enables real-time, 24-hour payments of Hong Kong dollars (HKD) and US dollars (USD) between corporate accounts through tokenized deposits on blockchain ledgers, significantly improving the efficiency of cross-border fund management. The initiative was launched after a successful pilot on Ant International's own Whale platform and is the first blockchain-based settlement service led by a commercial bank in Hong Kong. Ant International's cooperation with HSBC dates back to 2020, and the two sides have established a broader partnership. Last year, the two companies also tested Hong Kong dollar-denominated interbank transfers under the Hong Kong Monetary Authority's "Ensemble Sandbox" program.