DBS Bank Partners with Ant International to Launch Blockchain-Based Treasury Solution

• DBS Bank’s Treasury Tokens enhance multicurrency treasury operations, leveraging a secure, permissioned blockchain for instant transactions.
• Ant International’s Whale platform integrates with DBS’s blockchain, optimizing fund transfers with AI, encryption, and seamless liquidity management.
• DBS Treasury Tokens are built on lessons from Project Orchid and Project Guardian, focusing on tokenization and financial technology innovation.

DBS Bank has launched a new blockchain-based treasury and liquidity management solution, in collaboration with Ant International. The pilot, announced on August 13, introduces DBS Treasury Tokens. These tokens aim to enhance instant and multicurrency treasury operations. Ant International will utilize this new solution across multiple markets.

High-Security Permissioned Blockchain

The tokens exist on DBS’s permissioned blockchain, which restricts access to pre-approved participants. This approach ensures high security while maintaining a controlled decentralized environment. Significantly, the blockchain is compatible with the Ethereum Virtual Machine (EVM) and integrates with DBS’s core payment systems. This integration enhances interoperability with various payment infrastructures connected to DBS.

Additionally, Ant International’s treasury management platform, Whale, is integrated with this permissioned blockchain. The platform leverages blockchain, AI, and encryption to optimize fund transfers between bank accounts. The partnership allows Ant to manage intragroup liquidity seamlessly. Consequently, this integration offers better workflow efficiency and visibility.

Building on Existing Innovations in Financial Technology

Furthermore, DBS Bank’s participation in the Monetary Authority of Singapore’s Project Orchid and Project Guardian has informed the development of the DBS Treasury Tokens. These initiatives focus on exploring the benefits of tokenization in financial services. Moreover, the tokens represent one of the applications tested under Project Guardian, emphasizing DBS’s commitment to innovation in financial technology.

Lim Soon Chong, DBS Bank’s Group Head of Global Transaction Services, highlighted the importance of this project amid the rise of e-commerce and on-demand services. He stated that the DBS Treasury Tokens and partnership with Ant International demonstrate how corporates can confidently scale their liquidity management capabilities. The project also lays the groundwork for further efficiencies in traditional banking, including programmable, fractionalized, and atomic value transfers.

The launch of DBS Treasury Tokens represents a significant step towards integrating blockchain technology into traditional banking services. The collaboration with Ant International highlights the growing importance of innovative financial solutions in today’s digital economy. 

As businesses increasingly rely on instant and transparent financial transactions, this partnership between DBS and Ant International paves the way for more secure and efficient treasury management.