Both Ant International and CIMB Bank aim to focus on scalable and practical implementations across the region.
Ant International and CIMB Group Holdings Berhad signed a Memorandum of Understanding (MOU) to jointly explore innovations in cross-border payments and treasury and liquidity management solutions.
The partnership will see CIMB collaborating with Ant International’s key businesses across the Group’s integrated capabilities in cash management, treasury and markets solutions, credit and financing facilities, capital markets activities, and sustainability-related initiatives.
CIMB and Ant International will also jointly develop a digital framework to enhance the treasury and liquidity operations of both parties by leveraging Ant International’s next-generation blockchain-based treasury management solution, subject to regulatory frameworks and approvals.
Novan Amirudin, Group Chief Executive Officer, CIMB, said: “This positions CIMB at the forefront of building scalable, future-ready digital financial infrastructure innovation across ASEAN, while strengthening our ability to deliver greater efficiency, transparency and cross-border connectivity for our clients.”
Douglas Feagin, President of Ant International, said: “By combining our strengths, we will scale the institutional adoption of tokenisation — a key pillar of next-generation financial infrastructure — to create a more efficient and inclusive financial ecosystem for businesses in Malaysia.”
This initiative further reinforces CIMB’s commitment to advancing customers and society by strengthening digital financial infrastructure through tokenisation.
Stay updated on crypto and AI by following our socials
