TechFlow news — On August 13, according to The Block, DBS Bank, Singapore's largest bank, has partnered with digital payment provider Ant International to launch a pilot program for "DBS Treasury Tokens." Leveraging DBS's permissioned blockchain, the initiative supports Ant International's multi-currency treasury and liquidity management across its markets.
DBS stated the move aims to reduce settlement times for intra-group transactions from days to seconds, optimizing internal liquidity and working capital while enhancing visibility, predictability, and control over corporate treasury operations.
Kelvin Li, Head of Platform Technology at Ant International, said practical use cases have already emerged in areas such as instant tax refunds and cross-border payments for small and medium-sized enterprises. The latest DBS project stems from its involvement in Orchid and Guardian—initiatives led by the Monetary Authority of Singapore exploring the benefits of tokenization.
