Ethereum

Bank

Orchid

Pilot

<a href="https://bitcoinworld.co.in/dbs-bank-and-ant-international-launch-treasury-tokens-pilot/" title="DBS Bank And Ant International Launch Treasury Tokens Pilot" rel="nofollow"></a>
<ul> 
 <li style="font-weight: 400">DBS Bank, in partnership with Ant International, launches Treasury Tokens to enhance corporate liquidity management using a secure permissioned blockchain.</li> 
 <li style="font-weight: 400">The blockchain integrates with Ethereum and Ant International’s Whale platform for efficient global payments</li> 
 <li style="font-weight: 400">This initiative builds on DBS’s previous blockchain projects, offering advanced, flexible banking solutions</li> 
</ul> 
<h3 id="span-style-font-weight-400-dbs-bank-introduces-new-blockchain-solution-for-treasury-management-span">DBS Bank Introduces New Blockchain Solution for Treasury Management</h3> 
<a href="https://www.dbs.com">DBS Bank</a> has made a huge step forward in financial technology by launching the DBS Treasury Tokens pilot.&nbsp; 
This new project, announced on August 13, aims to alter how corporations manage liquidity across several marketplaces.&nbsp; 
The pilot project, developed in partnership with Ant International, intends to improve corporate treasury and liquidity management using blockchain technology. 
The DBS Treasury Tokens are designed to operate on a permissioned blockchain created by DBS Bank. This blockchain, often referred to as a private blockchain, adds an extra layer of security and control.&nbsp; 
Unlike public blockchains, where anyone can participate, a permissioned blockchain restricts access to approved participants only. This setup helps in maintaining a controlled and secure environment for financial transactions. 
<h3 id="span-style-font-weight-400-dbs-bank-s-blockchain-boosts-payments-and-liquidity-span">DBS Bank’s Blockchain Boosts Payments and Liquidity</h3> 
DBS Bank’s blockchain is compatible with the Ethereum Virtual Machine (EVM), which allows it to integrate smoothly with various payment systems.&nbsp; 
By connecting with the bank’s core payments engine, the new system enhances its ability to work with different payment infrastructures globally. This compatibility is important for businesses that need to manage their finances across multiple regions efficiently. 
The integration with Ant International’s treasury management platform, Whale, is another highlight of this project. Whale uses advanced technology, including artificial intelligence and encryption, to manage fund transfers and increase transparency.&nbsp; 
By combining this with DBS Bank’s blockchain, Ant International can manage its liquidity more effectively and with greater visibility. 
This initiative builds on DBS Bank’s previous experiences with blockchain technology, particularly through the Monetary Authority of Singapore’s (MAS) Project Orchid and Project Guardian.&nbsp; 
These projects have explored the potential benefits of tokenization, which involves converting assets into digital tokens on a blockchain.&nbsp; 
DBS Bank’s Treasury Tokens are one of the innovations tested under Project Guardian, demonstrating the practical advantages of these technologies. 
<h3 id="span-style-font-weight-400-lim-soon-chong-highlights-dbs-bank-s-new-efficiency-drive-span">Lim Soon Chong Highlights DBS Bank’s New Efficiency Drive</h3> 
Lim Soon Chong, DBS Bank’s group head of global transaction services, emphasized the importance of this new project. He highlighted how the rise of e-commerce and on-demand services has created a pressing need for more efficient liquidity management solutions.&nbsp; 
The DBS Treasury Tokens, along with Ant International’s technology, aim to address this need by providing a scalable solution that adapts to modern business requirements. 
Chong also pointed out that DBS Bank’s permissioned blockchain paves the way for new efficiencies in traditional banking.&nbsp; 
This includes advancements in “programmable, fractionalized, and atomic value transfer,” which means transferring value in small, precise units quickly and securely.&nbsp; 
These capabilities are expected to enhance the overall banking experience by making transactions more flexible and efficient. 
DBS Bank’s introduction of Treasury Tokens and its collaboration with Ant International mark a significant advancement in corporate liquidity management.&nbsp; 
By leveraging blockchain technology and integrating it with sophisticated treasury platforms, this initiative aims to provide businesses with a robust, secure, and efficient way to manage their financial resources across various markets.

DBS Bank And Ant International Launch Treasury Tokens Pilot

Table of Contents

ItsBitcoinWorld

Other articles published on Aug 14, 2024

Bybit To Establish New Standard For Listing And Delisting Coins!

New Altcoins Affect Older Cryptocurrencies

Venture Capital Funding In Crypto Market in 2024 H1: Winners and Losers

Russia’s Minfin considers launching a domestic crypto exchange

Bitcoin Price Drops Below $59,000 Affecting Altcoins

Marathon Digital to Raise $250 Million to Boost Bitcoin Holdings

Join our free newsletter for daily crypto updates!