Liquidity Management with Blockchain by DBS Bank

Liquidity Management with Blockchain by DBS Bank

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

DBS Bank has made a significant leap in financial technology by launching the pilot project, DBS Treasury Tokens. This project aims to transform how corporations manage liquidity.

Advantages of DBS Bank's Blockchain

DBS Treasury Tokens operate on a permissioned blockchain, ensuring security and control. Unlike public blockchains, this type restricts access to approved participants only, maintaining a controlled and secure environment for financial transactions.

This project allows corporations to manage their finances more efficiently and transparently.

Collaboration with Ant International

DBS's blockchain is EVM-compatible, enabling integration with various payment systems. The integration with Ant International's treasury management platform, Whale, which uses AI and encryption, ensures effective liquidity management.

This project builds on DBS's previous blockchain experiences, showcasing the practical advantages of these technologies.

Expert Insights

Lim Soon Chong, DBS Bank's group head of global transaction services, emphasized the importance of this project. With the rising demand for more efficient liquidity management solutions, the DBS Treasury Tokens and Ant International's technology aim to meet these needs.

Programmable, fractionalized, and atomic value transfer opens new possibilities for traditional banking.Lim Soon Chong

DBS Bank's introduction of Treasury Tokens and its collaboration with Ant International represent a significant advancement in corporate liquidity management. This initiative, combining blockchain technology with advanced treasury platforms, will provide businesses with a robust and efficient way to manage their financial resources.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Federal Reserve Pauses Interest Rate Hike for Upcoming FOMC Meeting

The Federal Reserve is not expected to raise interest rates at the upcoming FOMC meeting, as indicated by recent forecasts and comments from Fed officials.

user avatarMaria Fernandez

Citigroup Increases Price Targets for Bitcoin and Ethereum

Citigroup has raised its 12-month price targets for Bitcoin to $113,000 and for Ethereum to $3,028, citing stronger activity in crypto markets and ETF inflows.

user avatarGustavo Mendoza

TopNod Introduces Axil Pot APT for Enhanced Onchain Yield Management

TopNod has launched Axil Pot APT, a new onchain yield vault that allows users to earn an estimated 8% APY while maintaining instant liquidity.

user avatarRajesh Kumar

MEXC Expands Guardian Fund with Additional 1,000 BTC

MEXC has added another 1,000 BTC to its Guardian Fund, marking the second major allocation this year.

user avatarMiguel Rodriguez

HANetf and HSBC Launch First GBP EUR-Hedged Bitcoin Products

HANetf and HSBC have announced the launch of the first GBP EUR-hedged Bitcoin products, marking a significant development in the digital asset ecosystem.

user avatarLuis Flores

Goldman Sachs Integrates $100 Billion Treasury Fund with Crypto Institutional Frameworks

Goldman Sachs has announced the integration of its $100 billion Treasury Fund with crypto institutional frameworks, marking a significant development in the digital asset ecosystem.

user avatarArif Mukhtar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.