OCBC has partnered with Ant Group to roll out a 24/7 tokenized deposit service, according to Techub, citing Tech in Asia. The service will initially support near real-time fund settlement in Singapore dollars and U.S. dollars. The update points to an early rollout focused on round-the-clock availability and faster settlement for the two currencies named in the report. No additional launch details were disclosed in the source provided. The announcement centers on the collaboration itself, the always-on service model, and the initial support for SGD and USD settlement.
OCBC has teamed up with Ant Group to launch a 24/7 tokenized deposit service, according to Techub, which cited Tech in Asia.
In its initial phase, the service will support near real-time fund settlement in Singapore dollars and U.S. dollars.
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