DBS Bank and Ant International Pilot Blockchain Fund Management Solution

2024-08-16 20:23:59

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ChainCatcher news, according to Pymnts, DBS Bank and Ant International have launched a pilot for a blockchain-based financial and liquidity management solution aimed at helping Ant International reduce the settlement time for intra-group transactions from days to seconds.

The solution, known as DBS Treasury Tokens, will enable Ant International, a provider of digital payment and financial services, to achieve instant, multi-currency treasury and liquidity management for its entities across multiple markets using digital forms on the blockchain licensed by DBS Bank.

Additionally, by combining DBS Bank's licensed blockchain with Ant International's liquidity management solution Whale, Ant International will be able to seamlessly manage its intra-group liquidity.

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