DBS Launches Token Services for Blockchain-Enabled Banking

Quick Summary:

This initiative marks a significant step in enhancing banking functionality through tokenization and smart contracts, allowing for real-time payments 24/7.

This solution enables instant multi-currency intra-group transactions, eliminating the limitations of traditional banking hours and offering corporate treasurers improved visibility and control.

DBS Bank, the largest bank in Singapore, has rolled out DBS Token Services, a suite of blockchain-powered solutions designed specifically for institutional clients.

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Article Details

Author / Journalist: Qadir AK

Category: Crypto

Markets: United StatesHong KongSingapore

Topics: Blockchain News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-18 @ 14:45:31 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 336 words

Reading Time: 2 minutes read

Sentences: 19 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 23120511

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News Last Updated: 10 hours ago

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