- Ant International and Deutsche Bank announced a partnership to explore stablecoin and tokenized deposit solutions.
- Deutsche Bank is the first German bank to connect with Ant International’s blockchain-based treasury platform, Ant Whale.
- The companies will study stablecoin use for global payments, including real-time cross-border treasury management and reserve management.
- Ant International’s move aligns with industry trends, as stablecoins grow in popularity for fast, low-cost cross-border payments.
- The agreement comes as Ant International expands its blockchain network, integrating with several major global banks.
Ant International, the global payments branch of China’s Alipay, has entered into a new partnership with Deutsche Bank to explore the use of stablecoins and tokenized deposits for cross-border payments. The agreement will enable Deutsche Bank to become the first German bank to join Ant’s blockchain-based treasury management platform, Ant Whale.
According to a statement from Ant International, the partnership will assess how stablecoins—digital currencies pegged to government-backed assets—could be used for international payments, treasury operations, reserve management, and on-ramps and off-ramps. The companies see potential for stablecoins to enable faster transactions and lower costs compared to traditional banking, especially across international borders.
“The two sides will also explore cross border payment innovations, including tokenised bank deposits, stablecoin and Ant International’s Falcon TST FX Model, to help Ant International and its clients reduce FX-related cost and risks,” said Ant International in its release. The mention of reserve management indicates a broader stablecoin plan, since managing reserves is usually required for those issuing their own digital currencies.
Stablecoins are meant to reduce volatility by tying their value to assets like the U.S. dollar. They have gained traction among companies making cross-border transactions, especially in Asia and emerging markets where payment speed and lower transaction fees are important. Ant International operates globally, with its Alipay+ payment system serving over 100 million merchants.
Previously, Ant International partnered with the Singapore-based stablecoin issuer StraitsX for digital currency experiments. Should Ant International decide to issue its own stablecoin, it may need regulatory licenses in various countries. For example, its Singapore entity has a payments license, but not specifically for digital tokens.
This initiative comes after notable events in the company’s history with digital assets. In 2020, Alipay founder Jack Ma advocated for digital currency innovation for global trade, a stance that contributed to the cancellation of the company’s IPO. The current stablecoin activities involve Ant International’s worldwide operations rather than its domestic Chinese business.
The new partnership also highlights Deutsche Bank’s efforts in tokenized banking. The German bank is integrating with Ant’s Ant Whale platform, which enables instant, real-time money transfers for treasury management. Other global banks connected to Whale include Singapore’s DBS, Standard Chartered, OCBC, France’s BNP Paribas, and JP Morgan’s Kinexys Digital Payments.
As Ant International expands its network of blockchain partners, its digital asset strategy remains flexible. The partnership with Deutsche Bank provides a foundation for future moves, should the company decide to fully enter stablecoin issuance.
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