TradFi lender DBS launches EVM-compatible blockchain solution for treasury, liquidity management

Singapore-based DBS Bank has announced the aviator motorboat of DBS Treasury Tokens, a caller blockchain-based treasury and liquidity absorption solution developed successful collaboration with Ant International.

The solution, powered by DBS’ permissioned blockchain, is designed to amended the ratio and velocity of multi-currency treasury operations for Ant International’s entities crossed assorted markets.

Blockchain solution

DBS Treasury Tokens alteration Ant International to continuously negociate liquidity successful aggregate currencies. The integration of DBS’ permissioned blockchain with Ant International’s Whale level allows for seamless intragroup liquidity management, aimed astatine optimizing workflow and enhancing fiscal visibility crossed the organization.

Ant International’s Whale level incorporates blockchain technology, precocious encryption, and AI successful its treasury absorption system. According to Kelvin Li, Head of Platform Tech astatine Ant International, the collaboration with DBS marks advancement successful addressing challenges related to cross-border payments, including reducing costs and transaction risks.

The DBS Treasury Tokens are peculiarly applicable for ample corporations similar Ant International, which run crossed aggregate markets and clip zones. The tokens are intended to trim the colony clip for intra-group transactions, perchance from days to seconds, and to heighten liquidity and moving superior management.

Lim Soon Chong, Group Head of Global Transaction Services astatine DBS Bank, noted that the instauration of DBS Treasury Tokens aligns with evolving concern needs, peculiarly successful effect to the maturation of e-commerce and on-demand services.

The solution is portion of DBS’ broader efforts to leverage blockchain exertion to amended accepted banking services, including successful areas specified arsenic programmable and fractionalized worth transfer.

The DBS permissioned blockchain, which is compatible with the Ethereum virtual instrumentality (EVM), is integrated with the bank’s halfway payments engine. This setup aims to heighten the system’s compatibility with assorted manufacture outgo infrastructures.

Project Guardian

The improvement of DBS Treasury Tokens is informed by the bank’s information successful the Monetary Authority of Singapore’s (MAS) Project Orchid and Project Guardian, some of which research the usage of tokenization successful fiscal services.

Ant International is besides progressive successful Project Guardian and has developed a treasury absorption solution that supports real-time multi-currency clearing and settlement, encompassing implicit 40 currencies.

Project Guardian is simply a collaborative inaugural led by the Monetary Authority of Singapore (MAS) aimed astatine exploring the imaginable of plus tokenization and DeFi successful enhancing the ratio and liquidity of fiscal markets.

Launched successful 2022, the task brings unneurotic policymakers, fiscal institutions, and manufacture players to trial and make usage cases for integer assets wrong a regulated environment.

The station TradFi lender DBS launches EVM-compatible blockchain solution for treasury, liquidity management appeared archetypal connected CryptoSlate.