- DBS Treasury Tokens speed up payments making liquidity management faster and more efficient.
- Ant International’s Whale platform uses blockchain to improve security and transparency in fund transfers.
- The new system helps businesses manage cash flow in real-time across different regions and currencies.
The bank has partnered with Ant International to introduce blockchain-based Treasury Tokens. This new solution helps manage multi-currency treasury and liquidity across different markets, making financial operations more efficient.
Better Liquidity Management
DBS financial tokens make it possible to settle intragroup deals much faster. What used to take days can now be done in seconds. This speeds up liquidity oversight and gives corporate administrators more control over cash flow.
Large corporations often struggle with managing payments and funding across different regions. DBS Treasury Tokens offer a more straightforward way to handle these challenges so businesses can operate more smoothly.
Kelvin Li, Head of Platform Tech at Ant International, shared that this partnership helps reduce costs and risks in cross-border payments. Ant International’s Whale platform has already proven effective in services like instant tax refunds and cross-border payments for small businesses.
Seamless Integration
DBS’s blockchain works perfectly with Ant International’s Whale platform. This integration allows for continuous management of intragroup liquidity while improving workflow efficiency and giving real-time access to fund movements. The Whale platform also supports transactions in over 40 currencies, making it easier to manage multi-currency payments.
Ant International’s Whale platform uses advanced technologies like blockchain and artificial intelligence. These technologies help make fund transfers between bank accounts quicker and more secure, which is important in today’s fast-paced world.
DBS’s blockchain is compatible with the ETH Virtual Machine and is integrated with the bank’s payment system. This cooperation improves how the system connects with other payment infrastructures linked to DBS. Lim Soon Chong, Group Head of Global Banking Services at DBS, noted that businesses increasingly need treasury solutions that work around the clock.
Building on Blockchain Experience
DBS Treasury Tokens are the result of the bank’s years of work with blockchain technology. DBS has been involved in several blockchain projects like Project Orchid and Project Guardian, which explore the benefits of tokenization and test new financial solutions.
DBS’s blockchain includes security features that ensure only approved participants can use the network. This makes it a safe and effective way to manage complex financial transactions.
Ant International has also played a key role in advancing treasury management solutions. Their work in Project Guardian focuses on enabling real-time, multi-currency payments, showing how blockchain can transform financial services.
The post DBS Partners with Ant International to Launch Fast Blockchain Treasury Tokens appeared first on Crypto News Land.
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