Distributed Cross-border Digital Asset Payment System (DCAPS) is an innovative payment tool based on the CCB Labuan branch’s digital banking approval granted by Labuan FSA. It was an integration of Fintech innovation with cross-border payment services, which realises B2B point-to-point automatic settlement by using block-chain technology. This payment tool shortens the clearing time of cross-border payment from 1-2 days to few seconds, resolved the difficulties and problems derived from traditional cross border clearing process such as long processing time , information transmission relying on single network, etc. It meets the needs of customers for timeliness, security and compliance, and greatly improves customer’s cross-border payment experience.