CIMB ties up with Ant Int’l to push digital treasury and liquidity framework

They will use Ant’s blockchain-based treasury management solution.

CIMB Group Holdings Berhad and Ant International have inked a memorandum of understanding (MOU) for cross-border payments, as well as treasury and liquidity management solutions.

Under this partnership, CIMB will work with Ant’s key businesses such as Alipay+, Antom, and Bettr Treasury, to jointly develop a digital framework enhancing the treasury and liquidity operations of both parties.

CIMB capabilities expected to benefit from the partnership include cash management, treasury and market solution, credit and financing facilities, capital markets activities, and sustainability-related initiatives.

The partnership is a ‘milestone’ in CIMB’s Forward 30 strategy, CIMB group CEO Novan Amirudin said.

“Our collaboration with Ant International enables us to accelerate the institutional adoption of distributed ledger technology within the treasury ecosystem,” Amirudin said.

They will leverage Ant International’s blockchain-based treasury management solution, subject to regulatory approvals.

The framework aims to strengthen capital efficiency, transparency and cross-border liquidity optimisation, they said.