Singapore’s largest bank by assets under management (AUM) DBS Bank introduces a suite of services to facilitate blockchain-based banking for its institutional customers. 

Dubbed DBS Token Services, the products will incorporate new features, like smart contracts and tokenization, into the bank’s existing services. 

This move, particularly the smart contract capabilities, would enable institutional clients to govern the use of funds under predefined conditions, with an emphasis on boosting security and transparency.  Additionally, the token services would help facilitate real-time settlements by connecting DBS’ EVM-compatible permissioned blockchain with several payment infrastructures. 

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