Is this Ant International the same as Alipay? Alibaba? It seems that the domestic giants can't sit still either.

DBS Bank and Ant International test blockchain-based fund management solutions

On August 16, according to Pymnts, DBS Bank and Ant International have launched a pilot of blockchain financial and liquidity management solutions to help Ant International reduce the settlement time of intra-group transactions from days to seconds. The solution, called DBS Treasury Tokens, will enable digital payment and financial services solution provider Ant International to use digital forms on DBS Bank's licensed blockchain to achieve instant, multi-currency treasury and liquidity management for its entities across multiple markets.

It is reported that the pilot stems from DBS Bank's experience in participating in two projects led by the Monetary Authority of Singapore: Project Orchid, which aims to develop the technology required for the digital Singapore dollar; and Project Guardian, which brings together policymakers and financial practitioners to use asset tokenization to improve the liquidity and efficiency of financial markets.