Ant International and HSBC Test New Cross-Border Payments Solution Using Tokenised Deposits on Swift’s Network and Powered by ISO 20022

Swift tests blockchain with Ant International and HSBC in cross-border trial

By using the ISO 20022 messaging standard, the partners say they can make tokenised deposits interoperable with legacy systems.

Ant International and HSBC Test New Cross-Border Payments Solution Using Tokenised Deposits on Swift’s Network and Powered by ISO 20022

SINGAPORE--(BUSINESS WIRE)--Dec 10, 2025-

Ant International, HSBC and Swift Complete POC for Cross-Border Tokenised Deposits

Ant International, HSBC, and Swift have completed a Proof of Concept (POC) demonstrating the cross-border transfer of tokenised deposits using ISO 20022 standards. The initiative connects Swift’s global messaging network with HSBC’s Tokenised Deposit Service and Ant International’s blockchain infrastructure. The POC represents a step forward in testing how tokenisation can support liquidity management, programmable finance, and round-the-clock s…

Swift, Ant, and HSBC Advance Cross-Border Tokenized Payments

Swift, Ant International, and HSBC reported that they had completed a pilot demonstrating cross-border transfers of tokenized deposits using the ISO 20022 financial messaging standard. The initiative was presented as a breakthrough that could streamline blockchain-based payments while making treasury operations more efficient for global enterprises. The announcement marked the first time the Swift network and ISO 20022 were used together to supp…

Ant International And HSBC Test New Cross-Border Payments Solution Using Tokenised Deposits On Swift’s Network And Powered By ISO 20022

Ant International, HSBC and Swift today have completed a successful Proof of Concept (POC) for the cross-border transfer of tokenised deposits using ISO 20022 standards. The initiative leverages Swift’s global messaging network and HSBC’s recently launched Tokenised Deposit Service, combined with Ant International’s blockchain technology. The POC marks a key milestone in Ant

Ant International and HSBC Test New Cross-Border ...