Ant International and UBS Group AG have announced a strategic partnership to enhance blockchain-based cross-border payment and settlement solutions. The collaboration, formalized through a memorandum of understanding signed at UBS's Singapore office, will see Ant International leverage UBS Digital Cash, a blockchain payment platform, to boost global fund management efficiency, transparency, and security. Additionally, the partnership aims to explore innovations in tokenized deposits, utilizing Ant's Whale platform for interconnected solutions.