According to TechFlow, on October 18, TheBlock reported that Singapore's largest bank DBS will launch a "token service" to help institutional clients optimize liquidity management and simplify operational processes by integrating tokenization and smart contract functions. The service combines DBS's Ethereum virtual machine-compatible licensed blockchain, core payment engine, and multiple industry payment infrastructures to provide functions including treasury tokens, conditional payments, and programmable rewards. DBS said this will help companies and public sector entities optimize liquidity management, simplify operational processes, enhance business resilience, and create new opportunities for end-customer or user participation.