DBS Bank in Singapore has launched a new service called DBS Token Services, offering real-time instant settlements through a permissioned blockchain network compatible with Ethereum Virtual Machine. This network allows the bank to control access while maintaining the advantages of blockchain technology and regulatory compliance. DBS aims to help companies and government institutions optimize liquidity management and streamline operational processes, strengthening their resilience and creating new opportunities for end-user engagement. The bank is also exploring liquidity and treasury management solutions by running pilot projects with Ant International and investigating smart contract possibilities for digital vouchers under the e-HKD program in Hong Kong.
10/18/2024 1:43:35 PM (GMT+1)
Singapore’s DBS Bank launches DBS Token Services for real-time instant settlements through a permissioned blockchain network based on Ethereum Virtual Machine, focusing on liquidity management and process optimization 💼🌐
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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