DBS BANK LAUNCHES TOKENIZED BANKING SERVICES FOR REAL-TIME PAYMENTS AND LIQUIDITY MANAGEMENT

Singapore’s DBS Bank has launched DBS Token Services, offering institutional clients real-time payment settlement through its permissioned blockchain.

DBS aims to help companies optimize liquidity and streamline workflows using smart contract-enabled services.

This marks a significant step in integrating blockchain for institutional banking, following DBS’s previous pilot programs, including Treasury Tokens and e-HKD digital vouchers.

Source: CoinDesk & Mario Nawfal