Singapore's DBS Bank and Ant International launch blockchain-powered treasury token pilot.

Singapore's DBS Bank, in partnership with Ant International, has launched a pilot for blockchain-powered treasury tokens. DBS' permissioned blockchain, compatible with Ethereum's Virtual Machine, is integrated with Ant International's treasury management platform, Whale. The new tokens aim to enhance efficiency and transparency in fund transfers between different bank accounts and will test the benefits of tokenization.

August 13, 2024
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