DBS, Singapore’s largest bank, has launched a Treasury Token pilot in collaboration with Ant International, the parent company of Alipay+. This innovative treasury and liquidity management solution, built on DBS’s permissioned blockchain, offers a multi-currency tokenized deposit system for seamless payments between bank branches.

The pilot aims to enhance Ant’s global treasury management by enabling 24/7 cross-border payments and integrating DBS’s blockchain with Ant’s Whale platform. This platform, leveraging blockchain and AI, provides global treasury management solutions, further optimizing the return on idle cash and offering programmable payments through smart contracts.

With large corporations needing precise control over their global financial operations, solutions like DBS’s Treasury Token and Ant’s Whale platform are set to revolutionize cross-border payments. By reducing costs and transaction risks, this partnership signals a new era in global banking and treasury management.