DBS unveils token services with smart contracts for transaction clients

It makes use of DBS’ Ethereum Virtual machine-compatible permissioned blockchain.

DBS has introduced DBS Token Services, integrating tokenisation and smart contract-enabled capabilities for its transaction banking clients.

DBS Token Services offers instant and 24/7 real-time settlement of payments via blockchain. It makes use of DBS’ Ethereum Virtual Machine-compatible permissioned blockchain.

The smart contracts enable programmability for institutions to govern the use of funds according to predefined conditions.