DBS Bank Pilots ‘Treasury Tokens’ with Ant International

Share this article

DBS Bank, Singapore’s largest bank by assets, has initiated a pilot program for “DBS Treasury Tokens” in partnership with Ant International, aiming to improve treasury and liquidity management through blockchain technology.

The pilot operates on DBS’s permissioned blockchain, facilitating multi-currency treasury and liquidity management for Ant International entities across markets. This initiative aims to reduce intra-group transaction settlement time from days to seconds, optimizing liquidity and working capital management.

EVM compatibility and the “authorized chain” concept.

DBS’s permissioned blockchain is compatible with the Ethereum Virtual Machine (EVM) and integrates with the bank’s core payment engine, improving extensibility and interoperability with various industry payment infrastructures. Blockchain has also been integrated with Ant International’s treasury management platform, Whale, enabling seamless intra-group liquidity management.

Lim Soon Chong, Group Head of Global Transaction Services at DBS Bank, highlighted the project’s relevance in addressing evolving treasury needs amid the growth of e-commerce and on-demand services.

“DBS Treasury Tokens and our partnership with Ant International demonstrate how companies can take advantage of such opportunities with full confidence that their liquidity management capabilities can expand in tandem,” said Chong.

The bank sees its permissioned blockchain as a foundation for new efficiencies in traditional banking, including programmable, fractional and atomic value transfer.

This treasury token project stems from DBS Bank’s participation in Project Orchid and Project Guardian, initiatives led by the Monetary Authority of Singapore to explore the benefits of tokenization. By leveraging blockchain technology alongside Ant International’s AI-powered Whale platform, DBS aims to increase the transparency and efficiency of fund transfers between bank accounts, positioning itself at the forefront of financial innovation in the region.

Share this article