Singapore-based DBS Bank has 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 enable real-time payment settlements using a permissioned blockchain compatible with the Ethereum Virtual Machine (EVM).
This blockchain will integrate with DBS’s core payment engine and multiple industry payment networks, giving customers access to faster, more efficient payment solutions.
Permissioned Blockchain for Compliance and Control
Unlike open 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 allows the bank to leverage the benefits of blockchain technology while adhering to strict compliance standards.
“Next-generation ‘always-on’ banking services are essential to support the transition to on-demand digital services,” said Lim Soon Chong, Group President, Global Transaction Services, 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.