Singapore’s largest bank, DBS, has partnered with Ant International to develop a blockchain-powered treasury and liquidity management solution.
With DBS Treasury Tokens, Ant International will cut down the settlement time for intragroup transactions from days to seconds while slashing costs.
Singapore’s DBS Bank has announced a new partnership with Ant International, where the latter will rely on the lender’s blockchain solutions for its treasury and liquidity management solutions.
DBS, Singapore’s largest bank, operates a permissioned blockchain solution that it has now integrated with Ant International’s Whale Platform, a treasury management solution that leverages blockchain, AI and other technologies to enhance efficiency and transparency.
Whale Platform is now integrating the DBS blockchain and, with it, the DBS Treasury Tokens, which the lender recently launched. This allows the company to have an instant and multi-currency treasury and liquidity management solution acr
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