DBS pilots blockchain-backed treasury tokens for treasury, liquidity mgmt

The tokens enable collaborator Ant Int’l to reduce settlements into seconds.

DBS has launched DBS Treasury Tokens, which uses blockchain technology to enable instant treasury and liquidity management across multiple markets.

Made in collaboration with China-headquartered digital finance company Ant International, the treasury tokens will enable multi-currency treasury and liquidity management using DBS’ permissioned blockchain for their entities across multiple markets, according to a press release.

DBS Treasury Tokens enables Ant International to reduce the settlement of intra-group transactions from potentially days to seconds.

This also enables Ant International to manage their intragroup liquidity on a 24/7 basis.

DBS’ permissioned blockchain is now integrated with Ant International’s Whale platform, touted as a “next-generation treasury management solution that uses blockchain technology, advanced encryption and artificial intelligence (AI) to improve the efficiency and transparency of fund movements between bank accounts,” the statement said.

Follow the link s for more news on

Ant Group

DBS

Also Read

Chinese banks set up offices at Dubai International Financial Centre

Weekly Global News Wrap: China, HK regulators to boost offshore listings, Crédit Agricole to raise stake in Banco BPM

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit