DBS Bank in Singapore recently introduced a new suite of tokenized banking services for institutional clients.
DBS Bank in Singapore recently introduced a new suite of tokenized banking services for institutional clients. These services, branded as DBS Token Services, operate on a private blockchain compatible with the Ethereum Virtual Machine (ETH) and enable instant and real-time payment settlements. The primary goal of these services is to optimize liquidity management and streamline operational processes. This initiative is part of DBS Bank’s broader efforts to integrate blockchain solutions into its financial services. Additionally, the bank plans to use smart contracts to create digital coupons.
Source: coindesk.com
