Ant International and the International Swaps and Derivatives Association launched the "Cross-Border Payment Tokenization Framework Standard"

According to Techub News, as reported by Ming Pao, Ant International and the International Swaps and Derivatives Association (ISDA) jointly released the "White Paper on the Application of Tokenized Deposits in Transaction Banking" with the support of the Monetary Authority of Singapore's "Project Guardian". This aims to promote the development of tokenized deposits and shared ledgers in the fields of cross-border payments and forex settlement, and to propose the fundamental principles and standards of tokenized deposit technology.

The report covers three aspects: proposing design principles and industry standards for tokenization deposits while ensuring interoperability; systematically outlining the key risks of the payment system based on shared ledger technology and corresponding countermeasures; and validating its feasibility through practical use cases in trade finance. Ant Group stated that calculations indicate this framework is expected to reduce cross-border transaction costs by 12.5%, potentially saving enterprises over $50 billion in expenditures by 2030. As supportive measures, ISDA has specially formulated a standard document for tokenized deposits applicable to forex trading scenarios based on the existing framework, providing comprehensive compliance assurance for technology applications.