TechFlow news, October 18 — According to TheBlock, DBS, Singapore's largest bank, will launch a "tokenization service" that integrates tokenization and smart contract capabilities to help institutional clients optimize liquidity management and streamline operations. The service combines DBS’s Ethereum Virtual Machine-compatible permissioned blockchain, core payment engine, and multiple industry payment infrastructures, offering features such as treasury tokens, conditional payments, and programmable rewards. DBS stated this initiative will help corporations and public sector entities enhance liquidity management, simplify operational processes, strengthen business resilience, and create new opportunities for engaging end customers or users.
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