DBS Bank has partnered with digital payments provider Ant International to launch a new blockchain-based fund and liquidity management solution. DBS Bank today announced the pilot launch of the DBS Treasury Tokens pilot program, which Ant International will use for instant multi-currency fund management and liquidity management. The new DBS Treasury Tokens that Ant International will use exist on a DBS-licensed blockchain for use by its entities in multiple markets.
DBS Bank introduced that its permissioned blockchain is compatible with the Ethereum Virtual Machine (EVM) and integrated with the bank's core payment engine. This development enhances the scalability of the system and the interoperability of various industry payment infrastructures connected to DBS Bank. The bank also noted that the blockchain has been integrated with Ant International's money management platform, Whale.
DBS Bank Launches Blockchain-Driven Treasury Token Pilot Project
2024-08-13 08:10:10
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