Ant Group has signed a strategic cooperation memorandum with UBS to collaborate in the field of blockchain cross-border payment settlements. Under the agreement, Ant Group will utilize UBS's blockchain payment platform, UBS Digital Cash, launched last year, to enhance global fund management operations. This partnership aims to improve efficiency, transparency, and security in financial transactions. Additionally, the two companies will explore joint innovations in tokenized deposits, including solutions involving Ant's proprietary blockchain platform, Whale.