The bank’s permissioned blockchain allows full control over these services, ensuring they comply with regulatory standards.
DBS Token Services is expected to facilitate “always-on” banking, enabling institutional clients to optimize liquidity management, streamline operations, and boost business resilience. According to the bank, DBS Token Services is designed to enhance transaction banking and improve operational efficiency for its institutional clients.
The solution enables real-time, 24/7 payment settlements using the bank’s proprietary permissioned blockchain, which is compatible with the Ethereum Virtual Machine (EVM). The new token service constructs on DBS’ existing blockchain-based products such as Treasury Tokens, Conditional Payments, and Programmable Rewards.
These offerings demonstrate how traditional financial institutions can use blockchain technology and smart contracts to provide innovative client experiences.
Singapore’s DBS Bank has introduced a new blockchain-driven banking service for institutional investors, offering services such as tokenization and smart contract capabilities.
