**DBS Bank Unveils Blockchain-Powered Services for Institutional Clients**

Singapore's DBS Bank has launched "DBS Token Services," a suite of blockchain-powered offerings for institutional clients. These services utilize a permissioned blockchain for real-time payment settlements, ensuring enhanced security and transparency through smart contracts.

- **Permissioned Blockchain**: Allows controlled access, ensuring compliance while leveraging blockchain benefits.

- **Smart Contracts**: Automate fund governance with predefined conditions.

- **New Services**: Includes blockchain-based government grants and upcoming OTC crypto options trading.

DBS aims to optimize liquidity management and streamline operations, marking a significant step in integrating blockchain tech into traditional banking.