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<ul>
 <li>DBS launches treasury tokens with Ant International for enhanced liquidity management.</li>
 <li>Kelvin Li emphasized the importance of addressing cross-border payment challenges.</li>
</ul>
DBS Bank, Singapore’s largest bank by assets, <a href="https://www.dbs.com/newsroom/DBS_launches_blockchain_powered_Treasury_Tokens_pilot_with_Ant_International_for_247_treasury_and_liquidity_management" target="_blank" rel="noopener noreferrer nofollow">initiated</a> a pilot project for its new “DBS Treasury Tokens” collaborating with Ant International, a global fintech of Alibaba’s Ant Group. This initiative aims to revolutionize treasury and liquidity management for multinational corporations.
The DBS Treasury Tokens, which operate on DBS’s permissioned blockchain, are designed to enhance multiple currency treasury operations for Ant International. The blockchain integrated with Ant’s Whale treasury management system facilitates instant and seamless management of intra-group liquidity.
Lim Soon Chong, DBS’s Group Head of Global Transaction Services, highlighted that this development indicates the evolving needs of businesses, driven by the rise of e-commerce and 24/7 services.&nbsp;
Chong stated:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 &nbsp;“DBS Treasury Tokens and our partnership with Ant International demonstrate how corporates can scale their liquidity management capabilities effectively”.
</blockquote>
In addition, the permissioned blockchain is compatible with the Ethereum Virtual Machine (EVM). EVM enhances interoperability with other industry payment infrastructures. It supports programmable, fractionalized, and atomic value transfers. This capability enables traditional banking services to evolve and offer more efficient solutions.
<h3 class="wp-block-heading" id="h-blockchain-s-role-in-revolutionizing-treasury-tokens">Blockchain’s Role in Revolutionizing Treasury Tokens</h3>
Kelvin Li, Head of Platform Tech at <a href="https://thenewscrypto.com/ant-international-unveils-web3-technology-powered-next-generation-treasury-solutions/" target="_blank" rel="noopener noreferrer nofollow">Ant International</a>, emphasized:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “We have already seen successful use cases on our Whale platform in areas such as instant tax refunds and SME cross-border payments”.&nbsp;
</blockquote>
He noted that the pilot project is a significant step toward reducing costs and transaction risks associated with cross-border payments.
Further, the pilot depends on DBS’s involvement in Singapore’s Monetary Authority-led initiatives like <a href="https://x.com/cbpaymentsnews/status/1587131862560178176" target="_blank" rel="noopener noreferrer nofollow">Project Orchid</a>, and <a href="https://www.mas.gov.sg/schemes-and-initiatives/project-guardian" target="_blank" rel="noopener noreferrer nofollow">Project Guardian</a> to explore the benefits of tokenization. These projects aim to test the potential of blockchain technology for real-time multi-currency clearing and settlement.
Besides, the integration of <a href="https://thenewscrypto.com/dbs-amasses-650m-worth-eth-leading-traditional-banks-into-crypto/" target="_blank" rel="noopener noreferrer nofollow">DBS</a> Treasury Tokens and Ant International’s Whale platform showcases the transformation of blockchain in banking. Moreover, this collaboration highlights the role of blockchain in advancing financial services and meeting the demands of modern businesses.
Highlighted Crypto News Today: <a href="https://thenewscrypto.com/ethereum-etps-dominate-as-institutional-investors-make-a-comeback/" target="_blank" rel="noopener noreferrer nofollow">Ethereum ETPs Dominate as Institutional Investors Make a Comeback</a>

DBS Bank Launches Treasury Tokens for Enhanced Liquidity Management

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