SWIFT, Ant International, and HSBC have successfully completed a cross-border tokenized deposit payment test using blockchain technology. Conducted on December 11, the trial facilitated real-time fund transfers between Singapore and Hong Kong, leveraging the SWIFT network and ISO 20022 standards. The test showcased the interoperability of blockchain systems, with Ant International's blockchain infrastructure connecting to SWIFT and HSBC providing the tokenized deposit service. This collaboration allowed Ant to bypass multiple bilateral agreements through a shared protocol, demonstrating the potential for streamlined international transactions using blockchain technology.