At the 9th Hong Kong FinTech Week, Ant Group Chairman and CEO Jing Xiandong highlighted the significant benefits of tokenization for cross-border payments. Jing emphasized that small and medium-sized enterprises (SMEs) currently face numerous challenges in cross-border transactions, such as high costs and time-consuming processes.

He suggested that tokenization technology could streamline the payment process, offering a peer-to-peer system without intermediaries. This programmable, on-chain payment method could have a profound impact on global cross-border payments..