Singapore based DBS Bankhas introduced a new suite of tokenized banking services aimed at helping corporate clients optimize liquidity management, streamline workflows and increase business flexibility.
DBS Bank Launches Tokenized Banking Services for Corporate Customers
DBS Token Services will provide real-time payment settlements using a permissioned blockchain compatible with the Ethereum Virtual Machine (EVM).
This blockchain will integrate with DBS’ core payment engine and multiple industry payment networks, offering customers access to faster, more efficient payment solutions.
Permissioned Blockchain for Compliance and Control
Unlike public blockchains, permissioned blockchains give the creator more control over who can access or interact with the network, making them suitable for businesses and governments.
According to DBS, this setup enables the bank to leverage the benefits of blockchain technology while adhering to stringent compliance standards.
“Next-generation ‘always-on’ banking services are essential to support the transition to on-demand digital services,” said Lim Soon Chong, Group Head of Global Transaction Services at DBS Bank.
He emphasized that tokenized solutions will help optimize liquidity, streamline operations and unlock new opportunities for customer engagement.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/singapur-merkezli-dbs-bank-tokenize-bankacilik-hizmetlerini-tanitti-iste-detaylar/
