CIMB Group Holdings Berhad (CIMB) and Ant International have signed a Memorandum of Understanding (MOU) to explore new ideas in cross-border payments and better management of treasury and cash flow.
As part of this partnership, CIMB will work with Ant International’s businesses such as Alipay+, Antom, and Bettr Treasury. They will collaborate on services like cash management, treasury solutions, credit and financing, capital markets, and sustainability projects.
Both companies also plan to create a digital system to improve how they manage treasury and liquidity. This system will use Ant International’s advanced blockchain-based treasury technology, depending on regulatory approvals.
The goal is to improve capital efficiency, increase transparency, and make cross-border money movement smoother, while strengthening the financial ecosystem in Malaysia and better serving customers.
Novan Amirudin, Group Chief Executive Officer, CIMB said, “The partnership marks a milestone in our Forward30 strategy, where innovation is embedded into the core of how we operate and compete. Our collaboration with Ant International enables us to accelerate the institutional adoption of distributed ledger technology within the treasury ecosystem. 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, “We are pleased to partner with CIMB, who shares our goal of leveraging technology for seamless and inclusive cross-border payments. 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.”
The MOU shows that both CIMB and Ant International want to promote responsible digital innovation while keeping strong rules and governance in place. They will work together to build a system that is practical, scalable, and able to meet the changing treasury needs of institutions across the region.
This project also supports CIMB’s goal of helping customers and society by improving digital financial systems, including the use of tokenisation technology.
It builds on CIMB’s recent participation in Bank Negara Malaysia’s Digital Assets Innovation Hub and is part of its larger Forward30 digital transformation plan.
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