- DBS Treasury Tokens accelerate payments, making liquidity management faster and more efficient.
- Ant International’s Whale platform uses blockchain to improve security and transparency in money transfers.
- The new system helps companies manage cash flow in real time across different regions and currencies.
The bank has partnered with Ant International to introduce blockchain-based Treasury Tokens. This new solution helps manage treasury and liquidity in multiple currencies across markets, making financial transactions more efficient.
Better liquidity management
Financial DBS tokens make it possible to settle intra-group transactions much faster. What used to take days can now be done in seconds. This accelerates liquidity supervision and gives business managers more control over cash flow.
Large companies often struggle to manage payments and financing across different regions. DBS Treasury Tokens provide an easier way to deal with these challenges, allowing businesses to function more smoothly.
DBS Bank launches blockchain-powered government bonds
DBS @dbsbank, in partnership with Ant International @AntGroup, has introduced its next-gen Treasury Tokens, revolutionizing treasury and liquidity management. This innovative solution uses DBS’s permissioned blockchain,… pic.twitter.com/igAVQZgJ05— Blubird (@blubird_app) August 20, 2024
Kelvin Li, Head of Platform Tech at Ant International, said this partnership will help reduce costs and risks in cross-border payments. Ant International’s Whale platform has already proven effective in services such as instant tax refunds and cross-border payments for small businesses.
Seamless integration
DBS’s blockchain works perfectly with Ant International’s Whale platform. This integration enables continuous management of intragroup liquidity while improving workflow efficiency and providing real-time access to fund movements. The Whale platform also supports transactions in more than 40 currencies, making it easier to manage multi-currency payments.
Ant International’s Whale platform uses advanced technologies such as blockchain and artificial intelligence. These technologies help make money transfers between bank accounts faster and more secure, which is important in today’s fast-paced world.
DBS’s blockchain is compatible with the ETH Virtual Machine and is integrated with the bank’s payment system. This collaboration improves the way the system connects to other payment infrastructures linked to DBS. Lim Soon Chong, Group Head of Global Banking Services at DBS, noted that companies increasingly require treasury solutions that work 24 hours a day.
Building on Blockchain Experience
DBS Treasury Tokens are the result of the bank’s years of work with blockchain technology. DBS has been involved in several blockchain projects such as Project Orchid and Project Guardian, which explore the benefits of tokenization and test new financial solutions.
DBS’s blockchain includes security features that ensure only approved participants can use the network. This makes it a safe and effective way to manage complex financial transactions.
Ant International has also played a key role in advancing treasury management solutions. Their work in Project Guardian focuses on enabling real-time multi-currency payments, demonstrating how blockchain can transform financial services.
