DeFi Daily News
Sunday, August 3, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Cryptocurrency Ethereum

DBS Introduces EVM-Compatible Blockchain Platform for Treasury and Liquidity Management

Assad Jafri by Assad Jafri
August 13, 2024
in Ethereum
0 0
0
DBS Introduces EVM-Compatible Blockchain Platform for Treasury and Liquidity Management
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


In the heart of Singapore, DBS Bank, a venerable institution that’s been at the forefront of finance in Asia, is once again pushing the envelope of financial innovation. They’ve unveiled their latest venture, the DBS Treasury Tokens, which stands as a testament to the transformative power of blockchain technology when applied to the complex world of treasury and liquidity management. Developed through a strategic partnership with Ant International, this groundbreaking blockchain-based solution is setting new standards for efficiency and speed in multi-currency treasury operations.

The crux of this innovation lies within the integration of DBS Bank’s bespoke permissioned blockchain network. This advanced system has been meticulously designed to revolutionize the way Ant International’s diverse entities manage their treasury functions across a spectrum of markets. The essence of this collaboration is not merely technological; it underscores a shared vision of leveraging cutting-edge blockchain solutions to streamline financial operations on a global scale.

A Glimpse into the Blockchain Solution

DBS Treasury Tokens are engineered to afford Ant International the capability to manage liquidity in a multitude of currencies with unprecedented ease and efficiency. At the heart of this integration is DBS’ permissioned blockchain’s synergy with Ant International’s Whale platform. This harmonious integration facilitates seamless intragroup liquidity management, setting a new benchmark for workflow optimization and financial transparency throughout the organization.

Ant International’s Whale platform is not just any treasury management system; it’s an amalgamation of blockchain technology, sophisticated encryption, and artificial intelligence, making it a forerunner in the realm of financial management technologies. Kelvin Li, the visionary Head of Platform Tech at Ant International, articulates that this collaboration with DBS Bank represents a significant stride toward surmounting the perennial challenges of cross-border payments, encapsulating cost reduction and mitigating transaction risks as its core benefits.

For conglomerates such as Ant International, which sprawl across diverse markets and operate within the constraints of various time zones, DBS Treasury Tokens embody a pivotal financial tool. These tokens are designed to dramatically abbreviate the settlement duration for intra-group transactions from the traditional days to mere seconds, thereby amplifying liquidity and refining the management of working capital.

Lim Soon Chong, the adept Group Head of Global Transaction Services at DBS Bank, observes that the avant-garde DBS Treasury Tokens are a response to the dynamic business landscape, particularly influenced by the burgeoning e-commerce sector and the escalating demand for on-demand services. This innovative solution is a piece of the puzzle in DBS’ ambitious endeavor to harness blockchain technology for enhancing traditional banking services, with focuses ranging from programmable money to fractionalized value transfers.

The intricacies of the DBS permissioned blockchain, devised to be compatible with the Ethereum virtual machine (EVM), is seamlessly integrated with the bank’s core payments engine. This strategic amalgamation is poised to augment the system’s interoperability with a plethora of payment infrastructures across the industry sectors.

Project Guardian Nexus

The seeds for the inception of DBS Treasury Tokens were sown during DBS Bank’s active participation in Project Orchid and Project Guardian, spearheaded by the Monetary Authority of Singapore (MAS). These initiatives, focused on the exploration and adoption of tokenization in financial services, paint a vivid picture of the future of finance.

Ant International, too, plays a pivotal role in Project Guardian, having developed an avant-garde treasury management solution that bolsters real-time multi-currency clearing and settlement, spanning over 40 currencies. Project Guardian epitomizes a collaborative endeavour spearheaded by MAS to delve into the potentials of asset tokenization and decentralized finance (DeFi) in fortifying the efficiency and liquidity of financial markets.

With its inception in 2022, Project Guardian has convened policymakers, financial connoisseurs, and industry vanguards to experiment and elucidate use cases for digital assets within a stringently regulated sphere. A notion that once seemed far-fetched is now being meticulously unpacked and brought to reality, thanks to initiatives like Project Guardian.

For additional insightful content on the future of finance and technology, visit DeFi Daily News.

In conclusion, the pilot launch of DBS Treasury Tokens epitomizes a landmark moment in the annals of financial technology. This venture not only highlights the innovative prowess of DBS Bank and its allies but also signals a broader industry shift towards embracing blockchain solutions for complex financial operations. As we gaze into the future, the fusion of traditional banking with revolutionary technologies such as blockchain and AI promises a new era of efficiency, transparency, and security in global finance. So, brace yourself for a thrilling journey ahead; one where tokens and ledgers might very well dictate the pulse of the financial world.



Source link

Tags: blockchainDBSEVMCompatibleintroducesLiquidityManagementPlatformTreasury
ShareTweetShare
Previous Post

The Incredible Adoption Of Bitcoin

Next Post

Google Pixel Buds Pro 2 Hands-On: A Big Upgrade

Next Post
Google Pixel Buds Pro 2 Hands-On: A Big Upgrade

Google Pixel Buds Pro 2 Hands-On: A Big Upgrade

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title 4 Secrets from Chefs for Better Cruise Dining – NerdWallet

rewrite this title 4 Secrets from Chefs for Better Cruise Dining – NerdWallet

November 15, 2024
rewrite this title and make it good for SEO 7 Strategies to Maximize NFT Airdrop Rewards

rewrite this title and make it good for SEO 7 Strategies to Maximize NFT Airdrop Rewards

January 15, 2025
IT STARTED: US Bombs Iran and CRASHES Bitcoin… What’s NEXT?

IT STARTED: US Bombs Iran and CRASHES Bitcoin… What’s NEXT?

June 22, 2025
The Future of Blockchain: An Inside Look at Cardano

The Future of Blockchain: An Inside Look at Cardano

July 18, 2024
Top 19 crypto coins that will EXPLODE in July 2025!!

Top 19 crypto coins that will EXPLODE in July 2025!!

July 2, 2025
Spanish Police Dramatically Stop Illegal Immigrants by Cutting Their Boat in Half

Spanish Police Dramatically Stop Illegal Immigrants by Cutting Their Boat in Half

August 29, 2024
rewrite this title Son reflects on ‘perfect’ goodbye after playing final Tottenham game

rewrite this title Son reflects on ‘perfect’ goodbye after playing final Tottenham game

August 3, 2025
rewrite this title and make it good for SEO Spartans vs BetMGM & Hard Rock: 300% Bonus, and a Lamborghini Giveaway

rewrite this title and make it good for SEO Spartans vs BetMGM & Hard Rock: 300% Bonus, and a Lamborghini Giveaway

August 3, 2025
rewrite this title The Biggest Games Releasing in August 2025 – Decrypt

rewrite this title The Biggest Games Releasing in August 2025 – Decrypt

August 3, 2025
I Have The Potential To Make 0,000, But My Wife Is Saying “No”

I Have The Potential To Make $400,000, But My Wife Is Saying “No”

August 3, 2025
rewrite this title BitMEX Founder Arthur Hayes Dumps Ethereum and Two Altcoins, Warns of Imminent Pullbacks in Bitcoin and ETH – The Daily Hodl

rewrite this title BitMEX Founder Arthur Hayes Dumps Ethereum and Two Altcoins, Warns of Imminent Pullbacks in Bitcoin and ETH – The Daily Hodl

August 3, 2025
rewrite this title and make it good for SEOCybersecurity emerges as Israel’s most prolific tech sector

rewrite this title and make it good for SEOCybersecurity emerges as Israel’s most prolific tech sector

August 3, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.