DBS Bank and Ant International Collaborate on Blockchain-Based Treasury Token Pilot Project
Publication Time:2024-08-13 16:17:06
DBS Bank has announced the launch of a pilot project called DBS Treasury Tokens, in collaboration with digital payments provider Ant International. By utilizing these innovative DBS treasury tokens, Ant International is able to achieve instant multi-currency funds management and liquidity management. These tokens reside on the licensed blockchain platform of DBS Bank, enabling its global subsidiaries to utilize them. The DBS Bank's licensed blockchain is compatible with the Ethereum Virtual Machine (EVM) and has been integrated with the bank's core payment engine, which facilitates greater scalability and interoperability with other industry payment infrastructures. Furthermore, blockchain technology has been integrated with Ant International's funds management platform, Whale, further enhancing the efficiency and user experience of their partnership.
Liquidity Management
Ant International
funds management
DBS Bank
blockchain treasury tokens