Ethereum

DBS Bank, the bank with the highest amount of assets in Singapore, has initiated a trial program for &#34;DBS Treasury Tokens&#34; in collaboration with Ant International.The pilot utilizes DBS&#39;s permissioned blockchain to enhance the administration of treasury and liquidity. The pilot project intends to decrease the time it takes to settle transactions inside a group from days to seconds, hence improving liquidity and the management of working capital.DBS&#39;s permissioned blockchain is capable of working with the <a href="https://optimisus.com/news/crypto-news/zero-knowledge-evm-blockchain-cronos-zkevm-to-reward-early-supporters/" rel="noopener noreferrer nofollow">Ethereum Virtual Machine (EVM)</a> and is seamlessly integrated with the bank&#39;s core payments engine. This integration improves the blockchain&#39;s capacity to be extended and its compatibility with different payment infrastructures in the industry.The blockchain is connected with Ant International&#39;s treasury management software, Whale, enabling smooth intragroup liquidity management. The study showcases how corporations may confidently take advantage of possibilities, knowing that their ability to manage liquidity can grow accordingly.DBS Bank considers its permissioned blockchain as a basis for enhancing efficiency in traditional banking services, such as programmable, fractionalized, and atomic value transfer. The initiative is a component of DBS Bank&#39;s involvement in initiative Orchid and Project Guardian, which are overseen by the Monetary Authority of Singapore.

DBS Bank, Singapore’s largest bank by assets, initiates a pilot program for “DBS Treasury Tokens”

Optimisus

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